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