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Solar microinverter firm Enphase bags $63 million
Enphase Energy, a start-up that makes microinverters for solar panels, has signed on venture capital company Kleiner Perkins Caufield & Byers as part of a $63 million round of financing.
The Petaluma, Calif.-based company said on Thursday that Kleiner Perkins' investment is the bulk of a second installment of one funding round, with the first tranche being $40 million in March of this year.
With the money, Enphase Energy plans to ramp up its production of its microinverters, which do DC-to-AC power conversion on individual solar panels. It also has plans to expand outside of the U.S. and … Read more
