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QBotix
company
About
A solar panel that tracks the sun throughout the day produces up to 30% more electricity than one that does not.
- 11 - 50
Highlights
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $12M
- Industries
- CleanTech,Hardware,Software,Solar
- Founded date
- Jan 1, 2010
- Number Of Employee
- 11 - 50
- Operating Status
- Active
A solar panel that tracks the sun throughout the day produces up to 30% more electricity than one that does not. Solar project developers install single-axis tracking for most utility-scale sites, balancing upfront costs versus electricity revenues to maximize rates of return. QBotix disrupts today's cost curve of fixed-tilt, single-axis tracking, and dual-axis tracking with an innovative tracking solution that offers dual-axis tracking at single-axis price. This reduces the levelized cost of energy by 10-20% while providing the added benefit of higher reliability and system intelligence.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
1
$12M
QBotix has raised a total of
$12M
in funding over 2 rounds. Their latest funding was raised on
May 14, 2014 from a Series B round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| May 14, 2014 | Series B | $12M | 1 | — | — | Detail |
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