Petra Solar Raises First Round for Solar Energy

Green Brook, New Jersey [] Petra Solar, a developer of power electronics for solar systems, has raised $14 million Series A financing round led by DFJ Element and BlueRun Ventures. National Technology Enterprises Co. also participated. The investment will be used for product development and global market expansion. Petra Solar focuses on increasing efficiencies and significantly reducing the cost of installed solar electric systems through the introduction of innovative power electronics.
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