The Inventec Appliances-backed PV equipment provider has closed an Energy Growth Momentum-led round, five years after securing about $24m from investors including SMA Solar.
Tigo Energy, a US-based solar power technology developer backed by corporate investors Inventec Appliances and SMA Solar, has raised $20m in a round led by investment firm Energy Growth Momentum.
Founded in 2007, Tigo is working on module-level power electronics: devices that help boost solar photovoltaic (PV) energy systems’ performance in unfavourable weather conditions. It will use the cash to further develop its product line and grow its business.
The company received $24.1m in funding in 2016 according to a…
