The Israel-based solar inverter maker, which counts Norwest Venture Partners and GE Capital as backers, intends to float on Nasdaq.
SolarEdge, an Israel-based solar inverter system supplier backed by Norwest Venture Partners, the venture firm funded by bank Wells Fargo, filed for a $125m initial public offering on Wednesday.
Founded in 2006, SolarEdge produces optimised solar inverter systems equipped with a cloud-based monitoring platform that are intended to increase the power generation of solar photovoltaic modules, lowering the overall cost of solar energy.
SolarEdge has now shipped 1.6 GW of inverter systems since it was founded. The company made a…
