SOURCE: Rhombus Energy Solutions, Inc.

Rhombus Energy Solutions, Inc.

March 25, 2015 09:43 ET

Rhombus Energy Solutions, Inc. Announces $2.8M in Series A Funding

New Partner GRE Brings Access to Large Energy Technology Market

SAN DIEGO, CA--(Marketwired - Mar 25, 2015) - Rhombus Energy Solutions, Inc. (Rhombus), a high-growth, energy technology company, announced today that it raised $2.8 million in Series A funding. This recent funding was led by Golden Regent Electronics (GRE), a private, Hong Kong-based company and strategic partner of Rhombus, and impact investor Philip R. Munger, Ph.D. Rhombus will use these funds to accelerate its product roadmap and to acquire additional assets to meet its strategic plan.

Rhombus' products address the growing demand for integrated renewable energy solutions. Rhombus works to solve the world's energy challenges by designing and deploying the most innovative and efficient power conversion, control, and energy management solutions.

"We share the enthusiasm of all the investors who participated in this round and are looking forward to working closely with GRE as our go-to-market partner in Asia," said Rick Sander, founder and CEO of Rhombus.

"Rhombus' leading engineering expertise in renewable power conversion and energy management brings a huge opportunity for value creation. GRE and Rhombus are an ideal combination for a strategic partnership," said Carol Ma, CEO of GRE.

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About Rhombus Energy Solutions, Inc.
Rhombus develops innovative, high-efficiency power conversion and energy management systems for energy storage, alternative energy, vehicle charging, micro-grid and test equipment applications. Rhombus offers standalone products, power conversion modules, semi-custom configurations, as well as contracted product development services and high-power certification testing including UL 1741 & IEEE 1547. Rhombus also offers advanced, cloud-based data communications with analytics and visualization interfaces.

About Golden Regent Electronics
GRE is a private company based in Hong Kong and a member company of the Golden Regent Electronics Group. With decades of experience in China and Vietnam, the company is one of Asia's major manufacturers and marketers of sustainable power conversion products and a global provider of OEM and ODM contract manufacturing services. 

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