The company intends to use the funds to invest in technology development and entry into new international markets. The company already operates throughout Europe, the USA, Canada and East Asia.
Founded in 2004 by Managing Director Kai Malkwitz, pvXchange is an online trading platform where potential suppliers and buyers are connected to sell and purchase components. The company’s customer service team help complete transactions and provide technical advice and market perspective.
In 2010, 184 megawatts of solar modules were traded on the exchange.