Enteligent Raises US$6m to Expand Solar EV Charging Tech
Enteligent, a developer of solar-powered DC-to-DC chargers, has raised US$6m from investors to expand the commercialisation of its advanced photovoltaic (PV) technology and bi-directional EV chargers.
The funding marks a significant milestone for the company, supplying the world's first 25kW DC-to-DC EV charger designed for long-lasting charging to a major logistics firm, supporting its newly electrified delivery fleet.
Investment and industry recognition
Leading this funding round is Taronga Ventures, a global technology investor with a strong focus on innovation in real asset sectors like infrastructure and real estate.
The investment from Taronga has brought Enteligent's total fundraising to US$19m since 2021, with previous backing from NOVA, an affiliate of the global building materials giant, Saint-Gobain.
Jonathan Hannam, Managing Partner at Taronga Ventures, highlighted Enteligent's pivotal role in transforming solar energy usage: "Enteligent's technology sets a new standard in maximising solar energy efficiency.
"Its holistic approach to solar power optimisation offers practical solutions that align with the needs of global real asset owners and operators. Together, we can make substantial progress in advancing decarbonisation efforts for real assets."
Enteligent's approach and cutting-edge solutions earned the company a spot in Taronga Ventures' RealTechX ESG Impact programme in 2023.
The programme, which included industry giants like APG, CapitaLand and CBRE, enabled Enteligent to refine its sustainability strategy and bolster its market positioning in the real asset sector.
Solar-powered charging solutions
Enteligent's core mission is to revolutionise energy consumption by harnessing solar power to facilitate the transition to electrification.
Sean Burke, CEO and co-founder, Enteligent highlights the significance of the recent investment.
He said: "Our mission is to drive a paradigm shift in energy consumption habits by leveraging abundant solar power and our innovative technology to support society's transition to electrification. Having an industry leader like Taronga Ventures as our lead investor is a strong endorsement of our technology."
Enteligent's 25kW DC-to-DC fleet charging platform is just one of the groundbreaking products driving this shift. In addition, the company is pre-selling its solar-powered TLCEV T1 EVSE, which offers daytime charging directly from on-site solar generation.
The DC-coupled charger delivers up to 12.5 kW of fast charging – twice the speed of many traditional AC Level 2 chargers – and eliminates the energy losses associated with AC-to-DC conversions, resulting in up to 20% energy savings.
Enhancing solar energy efficiency with NMax power optimisers
Beyond EV charging, Enteligent's NMax PV module power optimisers maximise solar panel output by design while ensuring rapid shutdown safety.
As the only module-level power electronic (MLPE) solution that combines rapid shutdown capabilities with panel-level performance data over PLC, these optimisers can boost electricity yields by an average of 10% in rooftop solar installations.
Enteligent's NMax optimisers offer solar inverter suppliers a significant advantage as a branded package, qualifying for the Inflation Reduction Act's (IRA) Manufacturing Tax Credit (45X MPTC). Financial incentives are essential for companies looking to integrate advanced solar solutions while maintaining cost efficiency.
Solar-powered electrification moving forward
With strong financial backing and industry recognition, Enteligent is well-positioned to lead the next wave of solar-powered EV charging solutions.
As the demand for renewable energy and sustainable transportation grows, the company's innovative products will play a vital role in reshaping energy consumption patterns and accelerating the global shift toward a cleaner, greener future.
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