Climate Change Capital Private Equity led the funding round with an investment of £11 million.
The balance of £14 million was secured from existing investors Wellington Partners, NES Partners and Good Energies.
It’s the largest private equity raise by any European cleantech company so far this year.
“We chose Climate Change Capital Private Equity – one of the largest and most experienced investors in clean power – because of their excellent fit with us,” said Enecsys executive chairman Mossadiq Umedaly.
“They have decided to invest in Enecsys after a thorough investigation of our business strategy, technology and product road map, management team and future prospects.
“We welcome Climate Change Capital Private Equity to our strong investor team and board. We also appreciate the confidence shown by our existing investors who have again participated in such a significant way in this financing round.”
Enecsys develops, manufacturers and markets long-life solar micro inverter systems, which convert the DC electricity generated by solar panels to AC electricity for connection to the mains grid.
The company employs 40 people at its Harston Mill headquarters, with a further 20 in Germany and the US.
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