QBotix Inc. receives $5 million in venture capital financing the same day it introduces its SolBot R-225 and Robotic Tracking System (RTS) upgrades.
The company’s newest investors–New Enterprise Associates Inc., Firelake Capital Management LLC, and Draper Fisher Jurvetson–bring its total funding to $12.5 million. This funding will reportedly go toward developing a wider product line for the California-based company.
The robots revealed yesterday are a continuation in the company?s SolBot line of mobile, battery-powered solar power assistants. Compared to typical dual-axis or single-axis tracking systems for solar power plants, SolBots ride around the solar arrays on tracking rails and mechanically tilt solar panels toward the sun without permanently based motors or parts?which accounts for 68% of solar installation costs. The significant reduction in energy expenses that SolBots just adds to why they?ve had huge success since their debut in September 2012.
The SolBot R-225 can service 340 kilowatts of panels, about 13% more than its predecessor, the R-200. The accompanying RTS improvements allow for domestic and international frequencies to coordinate multiple robots through the system?s communication network.