Optivolt, a San Francisco power electronics company, has raised a $32 million Series A led by VXI Capital. RA Capital, Valo Ventures, and Atlas Innovate also took part, bringing its total funding to $42 million. The company's Power Balancer puts active electronics inside a solar panel. It shifts energy among cell groups in real time to recover power lost to shade, weather, dirt, and uneven wear. More than 20,000 panels with the technology have shipped. Optivolt will use the money to expand manufacturing and bring the product to systems from homes to utility-scale projects. In internal tests, panels with the technology produced up to six times as much power as those with bolted-on optimizers under defined shade scenarios.

Optivolt, a San Francisco, CA-based provider of solar technology that enables self-powered IoT devices, 5G infrastructure, military equipment, robotics and EVs, closed a$8.2M seed funding. The round, which brought total funding raised to date to $10.1m, was led by Atlas Innovate with participation from Social Impact Capital, Pure Ventures, City Light Capital and Peter Relan. The company intends [] The post Optivolt Raises $8M in Seed Funding appeared first on FinSMEs.