Fenwick & West LLP represented QBotix, Inc., which delivers up to 20% improvements in solar PV project economics with the optimized Robotic Tracking SystemTM (RTS), in its recently announced $12 million Series B financing. The round included new investors E.ON and Iberdrola (Inversiones Financieras Perseo, S.L.), along with existing investors New Enterprise Associates, Firelake Capital Management and Draper Nexus.
The new funds will help the company accelerate manufacturing ramp-up and expand in North America and internationally.
The Fenwick transaction team was led by corporate partner Dan Dorosin and corporate associates Cynthia Kaneshiro and Jonathan Smith.