Enteligent Inc., a developer of solar-powered dc-to-dc chargers for electric vehicles (EVs), has raised $6 million in capital from investors to scale the commercialization of its photovoltaic (PV) module-level power optimizers and its dc-to-dc-based bi-directional EV chargers.
In particular, Enteligent is supplying the world’s first long dwell-time 25-kW dc-to-dc EV charger to a large logistics company to power its newly electrified delivery fleet.
The funding round was led by Taronga Ventures, a global technology investor focused on driving innovation across real asset sectors such as infrastructure and real estate. This recent funding round brings the company’s total fundraising to $19 million since 2021, with historical investment from NOVA, an affiliate of global building materials company Saint-Gobain.
Enteligent was selected by Taronga Ventures’ program arm, RealTechX, as one of 12 companies internationally to participate in its ESG Impact program in 2023, whose program partners included APG, CapitaLand, CBRE, Dexus, International Towers, ISPT, Ivanhoé Cambridge, PGIM Real Estate and Vicinity Centres. Through the program, Enteligent worked to further refine its ESG positioning for the real asset sector.
In addition to its 25-kW dc-to-dc fleet charging platform, Enteligent is pre-selling its solar-powered TLCEV T1 EVSE, which runs directly from the sun and provides convenient and affordable daytime charging directly from onsite solar generation. The approach fosters a fundamental shift in energy consumption habits so solar power can be used to charge where it is generated. The dc-coupled charger delivers up to 12.5-kW of fast dc charging — twice as fast as many ac Level 2 EV chargers.
This model and other Enteligent dc-to-dc EV chargers eliminate the unnecessary dc-to-ac-to-dc conversion losses of ac-powered EVSEs, resulting in up to 20% energy savings.
Enteligent’s NMax PV module power optimizers with rapid shutdown safety capabilities ensure each panel operates at maximum output continuously. Enteligent offers the only module-level power electronic (MLPE) to provide both rapid shutdown device (RSD) capabilities and panel-level performance data over PLC, yielding an average of 10% higher electricity yield from typical rooftop solar installations.
Solar inverter suppliers integrating Enteligent’s NMax PV module-level optimizers as a branded package, qualify for the full Inflation Reduction Act (IRA) Manufacturing Tax Credit (45X MPTC).
Filed Under: Charging, Technology News