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Home - Policy - Enteligent secures $6 million to scale up solar EV charging technology – SPE
Policy

Enteligent secures $6 million to scale up solar EV charging technology – SPE

solarenergyBy solarenergyAugust 21, 2024No Comments2 Mins Read
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US startup Enteligent says it has been awarded $6 million to scale up its electric vehicle (EV) charging technology, which enables direct DC-to-DC charging from solar panels without switching to AC.

August 21, 2024 Ryan Kennedy

By pv magazine USA

Enteligent, a startup that offers solar energy DC to DC chargers for electric vehicles, said it has raised $6 million in capital from investors to scale up commercialization of its products.

The latest funding round brings Enteligent’s total capital since 2021 to $19 million. Taronga Ventures, a global technology investor in real estate and infrastructure, led the round.

The company plans to use the funds primarily to accelerate commercialization of its DC-based solar solutions, including its flagship TLCEV DC-to-DC bidirectional EV charger. Enteligent claims its charger is the first to be powered directly by DC power.

The startup has already secured orders for its technology. It is supplying its sustainable 25 kW DC-to-DC EV charger to a major logistics company to power its new electrified van fleet.

Enteligent criticized traditional fleet charging infrastructure for its reliance on AC Level 2 chargers, which require extensive engineering and a lengthy permitting process, with high costs. These chargers also rely on the vehicle’s on-board AC/DC converter, resulting in energy losses of 10% to 20% and limiting charging speeds to 9.6 kW or less.

In contrast, Enteligent said its direct DC technology improves efficiency and reliability by eliminating the need for multiple energy conversions. This approach reduces both costs and energy losses, making clean energy more effective and affordable.

See also  45x tax credit transfers strengthen the American solar production

Enteligent also produces solar fast shutdown devices, module-level power electronics and other components for solar balancing systems.

“Enteligent technology sets a new standard in maximizing solar energy efficiency,” said Jonathan Hannam, managing partner at Taronga Ventures. “Their holistic approach to solar energy optimization provides practical solutions with real-world applications that meet the needs of global real estate owners and operators. Together we can significantly advance efforts to decarbonize real assets.”

This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.

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