Solar power optimization and EV charging tech provider Enteligent raised $7 million in capital from strategic and institutional investors to fast-track the commercialization of its proprietary solar optimization platform and what they say is the world’s first dc-to-dc solar hybrid bi-directional EV charger.
This seed round included investments by several strategic investors such as NOVA, the venture arm of Saint-Gobain, one of the world’s largest building materials companies, and Taronga Ventures, one of the world’s leading real asset technology investors, as well as other institutional investors.
Enteligent enables consumers to shift their energy consumption habits by providing technology that makes it affordable and convenient to charge during the day. The company’s proprietary solar optimization technology with rapid shutdown safety capability optimizes the local delivery and use of solar panel electricity generation and provides intelligent monitoring to maintain maximum solar array production.
Similarly, the Enteligent EV charger takes dc electricity directly from solar with dramatically more usable energy, leading to significant cost savings per kW. It is an ideal solution for residential, commercial, and industrial customers who want to maximize renewable energy output.
Today, EVs are mainly charged overnight via a fossil fuel-powered grid. The proliferation of EVs however, is straining the grid’s ability to handle the exponential growth in energy demand. Enteligent’s proprietary solar EV chargers expedite a fundamental shift to clean, solar-based, daytime charging, eliminating unnecessary dc to ac to dc conversions, resulting in up to 25% in energy savings.
“There is an increasing demand for EV charging to become more readily available, and we are seeing this across our real asset partners globally. Enteligent’s dc-input EV charger provides a step-change in the energy efficiency and price-point of EV fast chargers, which is needed to accelerate the adoption of clean energy in commercial assets,” said Avi Naidu, Managing Partners at Taronga Ventures. “Enteligent’s world-class innovative team has a track record of effectively delivering practical technologies to market, and we’re delighted to support them on their initiatives.”
“Our vision is to deliver technology that solves the near-term electrification challenges stemming from the EV revolution—ubiquitous daytime EV charging, everywhere you park, with efficient use of clean, on-site generated solar electricity,” commented Sean Burke, founder, and CEO of Enteligent. “This investment validates our technology as well as our vision to foster a fundamental shift to cleaner and more effective energy consumption habits.”