Abstract: Disclosed is an interleaved buck-boost converter. The interleaved buck-boost converter comprises a multi-level direct current (DC) to DC converter (MLDC converter), a flying capacitor monitor, and a voltage-level controller. The MLDC converter includes the IMPM and the IMPM includes the flying capacitor. The flying capacitor monitor is in signal communication with the flying capacitor and the voltage-level controller is in signal communication with the flying capacitor monitor. The flying capacitor monitor compares a flying capacitor voltage of the flying capacitor and switches a state of operation of the MLDC converter if the flying capacitor voltage is less than a first flying capacitor reference voltage.