Enteligent, a developer of direct solar-powered charging technology for electric vehicles, has successfully closed a $6 million funding round. This new capital injection was led by Taronga Ventures, a global technology investor focused on infrastructure and real estate innovation. The funds are earmarked to accelerate the commercialization of Enteligent’s unique bidirectional DC-to-DC solar EV chargers and its line of photovoltaic (PV) module-level power optimizers.
This latest financial milestone brings the company’s total capital raised to $19 million since 2021, building on previous strategic investments from partners including NOVA, the venture arm of global building materials company Saint-Gobain. The consistent investor support underscores the growing market confidence in Enteligent’s approach to maximizing solar energy use for electrification.
Enteligent’s technology stands out by enabling EVs to charge directly from on-site solar generation. By facilitating a direct DC-to-DC power transfer, their chargers bypass the standard, inefficient DC-to-AC-to-DC conversions found in typical AC-powered EV supply equipment (EVSE). This direct coupling method can reduce energy losses by as much as 20%. The company is currently pre-selling its TLCEV T1 EVSE, which delivers up to 12.5 kW of fast DC charging, a rate twice as fast as many conventional AC Level 2 chargers.
The technology is already being deployed in the commercial sector. Enteligent is providing the world’s first 25kW DC-to-DC solar EV charger to a major logistics company to support the electrification of its delivery fleet. This application demonstrates a practical, high-efficiency solution for commercial fleet operations.
Jonathan Hannam, Managing Partner at Taronga Ventures, praised the company’s innovation, stating, “Enteligent’s technology sets a new standard in maximizing solar energy efficiency. Their holistic approach to solar power optimization offers practical solutions with real-world applications that meet the needs of global real asset owners and operators. Together, we can significantly advance decarbonization efforts for real assets.” This partnership was further solidified when Enteligent was selected for Taronga Ventures’ RealTechX ESG Impact program in 2023, designed to help companies refine their sustainability strategies for the real asset sector.
In addition to its EV chargers, Enteligent produces NMax PV module power optimizers. These devices ensure each individual solar module performs at its maximum potential, boosting overall system yield by an average of 10% on typical rooftop installations. The optimizers also incorporate rapid shutdown (RSD) safety features and provide panel-level performance data. Notably, solar inverter suppliers who bundle Enteligent’s NMax optimizers into their systems are eligible for the full Inflation Reduction Act (IRA) Manufacturing Tax Credit (45X MPTC).
“Our mission is to drive a paradigm shift in energy consumption habits by leveraging abundant solar power and our innovative technology to facilitate society’s transition to electrification,” said Sean Burke, CEO and co-founder of Enteligent. “Having an industry leader such as Taronga Ventures as our lead investor is a significant endorsement of our technology.”
Sources
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- Enteligent Secures US$6m to Advance Solar EV Charging Tech
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