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Solar microinverter solution provider Envertech closed its round A of financing worth tens of millions of CNY, which is expected to be used on production capacity building and R&D of new products.
micro inverter
On October 10, Envertech (Chinese: 恩沃新能源科技), a solar microinverter solution provider, closed its round A of financing worth tens of millions of CNY which was led by Could Angel Fund (Chinese: 云天使基金). The fund will be used on production capacity building and R&D of new products.
Founded in 2016, Envertech focuses on the R&D and manufacturing of solar microinverters and seeks to become a world-leading microinverter solution provider. The company is based in Shanghai and has factories in Zhejiang province. Its microinverters have obtained certificates including VDE 0126, VDE 4105, AS 4777, EN 50438 and UTE C15-712-1 and are sold to Europe, Oceania, South America and Asia.
Huo Jundong, founder and CEO of Envertech, is confident about the development of the solar energy industry and Envertech's role in it. He said: "To meet the carbon peaking and carbon neutrality goals in a time of global energy crisis, photovoltaic power become a favored choice for both enterprise and household consumers and PV panel installations are soaring. As the 'heart' of photovoltaic power generation, the development of inverters is remarkable. In the past 6 years, our R&D team has made continuous efforts to upgrade our microinverter products to match the increasing demand and different standards in various countries. We believe that distributed photovoltaic power presents a huge potential market and Envertech will take a place in the future global market with its strong research and development experience and manufacturing capacity."