Solantro Semiconductor Corp. of Ontario, Canada today announced the completion of its Series A financing in the amount of $10 million (CAD). This funding was led by Black Coral Capital and included participation from Presidio Ventures (a Sumitomo Corporation company), Business Development Bank of Canada (BDC) and Export Development Canada (EDC).
Solantro designs, manufactures and markets semiconductor chipsets and reference designs for use within distributed solar photovoltaic (PV) power conversion equipment. Solantro’s chipset-based solutions redefine the economic model for PV module manufacturers while providing for higher energy yields and significantly reduced costs, time and complexity associated with PV system design and installation. Distributed, module-integrated, power conversion solutions accelerate the global deployment of solar PV by optimising the economics of PV installations.