SolarEdge Adds EV Tech to Its Portfolio With Majority Stake in Italy’s SMRE

The solar inverter maker will pay $77 million for a majority stake in the EV drivetrain and charging technology provider. SolarEdge has taken another step to expand beyond its core solar inverter business into other grid edge technologies — specifically, the electric vehicle space. On Monday, the Israel-based company announced plans to acquire a majority stake in […]