Optivolt raises $32M for electronics built into solar panels

San Francisco-based Optivolt has closed a $32 million Series A led by VXI Capital for its Power Balancer technology, which embeds active power electronics inside solar panels instead of relying on external optimizers. The company claims 99.4% conversion efficiency and up to six times more power under shading in internal tests. Total funding stands at $42 million, with over 20,000 panels already shipped.

• The $32M Series A was led by VXI Capital, bringing total funding to $42M
• Power Balancer achieves 99.4% conversion efficiency in typical conditions
• Internal shading tests showed up to six times more power than with external optimizers
• More than 20,000 panels shipped; 19 patents issued and 27 pending