SANTA CLARA, Calif., Sept. 10, 2015 /PRNewswire/ -- HiQ Solar, a US-based innovator in PV inverters, today announced the successful completion of its A-series equity round of $11M from a group of private investors.
"We founded HiQ Solar on the belief that the PV inverter segment is ready for disruption. Customers agree with us, and having successfully shipped 6 MWac of inverters to date, we're ready to scale. This funding will allow us to drive our growth," said Dr. Lutz Henckels, CEO of HiQ Solar.
This follows the announcement in July of the company's TrueString 208V product, and being awarded the Intersolar PV Award for 2015 for the TrueString 480V product. HiQ Solar will be exhibiting at the SPI trade show in Anaheim, CA, September 15-17th, in booth 6348.
About HiQ Solar
HiQ Solar is dedicated to innovation in the area of solar power and renewable energy.
Founded in 2009, the company draws on decades of industry experience in high-tech, with a veteran team from the precision communications test and measurement field. With a successful track record of bringing leading-edge products to market, we use a systematic approach to reliability and user-focused design. We are privately held and based in Silicon Valley, a world center for innovation.
SOURCE HiQ Solar