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SolarEdge e-Mobility Secures

Recently funded · $678.5M UnknownTechnology, Information and MediaITView source

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SolarEdge e-Mobility, the e-mobility solutions arm of NASDAQ-traded SolarEdge Technologies Inc., has secured a substantial $678.5M in new capital to advance its work in electric and hybrid vehicles. The funding round underscores the continued investment in specialized e-mobility solutions.

The company, which was formerly I.E.T. before its 2019 acquisition, develops end-to-end solutions including high-performance powertrains, motor drives, gearboxes, batteries, and advanced software. Its focus on compact electrical system designs and high-power density aims to deliver maximum efficiency for on- and off-road emission-free driving applications.

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