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QBotix Gets Funds From EON, Iberdrola in $12m Round

May 14 (Bloomberg) -- QBotix Inc., a closely held supplier of robotic systems for solar farms, received $12 million in equity financing from a group including EON SE and Iberdrola SA.

The European energy giants joined existing investors New Enterprise Associates Inc., Firelake Capital Management LLC and Draper Nexus Ventures, in the Series B round of investment, Menlo Park, California-based QBotix Inc. said today in an e-mailed statement.

Chief Executive Officer Wasiq Bokhari in January said the company sought additional funding after initially raising about $12 million.

QBotix’s battery-powered robots ride a rail around solar arrays and tilt the panels toward the sun as it moves across the sky, increasing panel output.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Carlos Caminada, Jasmina Kelemen

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