Overview

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Total Equity Funding
$23.5M in 3 Rounds from 7 Investors
Most Recent Funding
$12M Series B on May 14, 2014
Headquarters:
Menlo Park, CA
Description:
A solar panel that tracks the sun throughout the day produces up to 30% more electricity than one that does not.
Founders:
Categories:
CleanTech, Hardware, Solar
Website:
http://www.qbotix.com
Social:

Company Details

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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 (3) - $23.5M

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DateAmount / RoundValuationLead InvestorInvestors
May, 2014$12M / Series B3
Jul, 2013$5M / Series A3
Sep, 2012$6.5M / Series A$17.2M4

Current Team (3)

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Board Members and Advisors (1)

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Offices/Locations (1)

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  • Office

    1080 O'Brien Drive

    Menlo Park, CA 94025

    USA

Images (1)

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