SmartPitch Ventures to invest in IPS Solar

SmartPitch Ventures, a company focused on late-stage venture capital and private equity business focusing on disruptive technologies with a particular focus on energy, has made a significant capital investment in Minnesota-based Innovative Power Systems Inc, also known as IPS Solar.

IPS has formed a partnership with private equity firm SmartPitch, taking on significant capital investment through the newly formed entity called IPS Development LLC.

IPS is growing at mega-watt speed, having earned Solar Power World Magazine’s Top 500 Solar Contractor award for the last seven straight years, ranking 51 out of 415 solar companies on the magazine’s 2019 Top Solar Contractors list. IPS also received the magazine’s award for the greenest contractor. The company’s board-certified project management team has installed and managed more than 1,500 projects in the upper Midwest.

Innovative Power Systems, Inc. (D.B.A. IPS Solar), a provider of solar power solutions, is focused on the development, installation, and management of solar power systems for commercial, community solar, and residential customers. IPS Solar delivers everything from five-kilowatt residential arrays to multi-megawatt community solar gardens.