Tigo Energy Raises New Equity Capital

Tigo Energy, a provider of DC output maximization technology for photovoltaic solar installations, has raised $10 million in equity capital and secured an accounts receivable line for up to an additional $10 million.

The Climate Solutions Fund LP, managed by Generation Investment Management LLP, provided the equity funding and joins Matrix Partners, OVP, ICV, Clal Energy and IAC as investors in the company.

Tigo Energy says it will use proceeds from the new financing to expand manufacturing, international sales and logistics capabilities to meet the rapidly growing global demand for the Tigo Energy Maximizer system.

SOURCE: Tigo Energy

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