Transphorm has completed the latest round of financing for the development of its Galiium Nitride GaN power conversion module. Quantum Strategic Partners, Kleiner Perkins Caufield and Byers, Google Ventures, Foundation Capital and Lux Capital were the investors behind the US$25 million Series D financing round, which takes the total capital raised to US$63 million.
“This investment from our top-tier investor partners is a testament to the achievements of the Transphorm team commercialising a Total GaN solution for next-generation power conversion,” Transphorm CEO Umesh Mishra said. “Transphorm is sparking a revolution in energy efficiency, paving the way for the mass production of consumer, commercial and industrial technology products designed for optimum electrical efficiency.”
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The goal of the power conversion module is to reduce the waste created when electricity from the grid is converted into usable electric power. Transphorm's GaN solution cuts wastage by up to 90% and also simplifies the design and manufacturing of a wide variety of electrical systems and devices. In recent months Transphorm has increased its customer base by 50% and expanded its operations by 30% to accommodate rising demand.
And thanks to the Series D round of financing this expansion plan looks set to continue, with the additional funds used to increase the company’s production facilities and accelerate product development.
