Company Overview
Snapshot
Founded in May 2014 by Eran Maimon and Ido Hadar, Apollo Power operates with 51–200 employees. The company has raised $414.28K across 5 funding rounds and went public on the TASE in October 2017.
Business overview
Apollo Power develops and manufactures photovoltaic (PV) technology, specializing in flexible and ultra-light solar cells with high efficiency. These solutions are designed for diverse energy production needs across various industries, including lightweight construction and automotive. The company collaborates with OEMs such as Audi, Hyundai, Renault, and CEVT to integrate solar technologies into vehicles, aiming to extend EV range and power auxiliary systems. Apollo Power operates within the Energy Tech sector, focusing on clean energy generation and sustainable water solutions.
Strategic signal
In January 2023, Apollo Power opened a 10,000-square-meter factory in Yokneam, Israel, for the mass production of flexible solar panels. This $30 million investment signifies a major scaling of manufacturing capabilities, positioning the company to meet growing demand for its innovative solar film technology and reinforcing its commitment to industrializing flexible solar solutions.
Log in to access full profile ›Company Intelligence Q&A
- When did Apollo Power go public?
- Apollo Power, then known as SolarPaint, listed on the Tel Aviv Stock Exchange (TASE) in October 2017 through a reverse merger with Or City Holdings.
- What is Apollo Power's primary focus in the automotive industry?
- Apollo Power provides flexible solar films for Automotive OEMs to integrate into vehicles, aiming to extend EV range, reduce charging frequency, power auxiliary systems, and enhance vehicle sustainability.
- What is the significance of Apollo Power's factory in Yokneam?
- In January 2023, Apollo Power opened a 10,000-square-meter factory in Yokneam, Israel, dedicated to the mass production of flexible solar panels. This facility, built at a cost of NIS 100 million ($30 million), is intended to significantly increase the company's manufacturing capacity.
- What was a key partnership for Apollo Power in early 2022?
- In February 2022, Apollo Power announced it would install flexible solar energy systems for Amazon, with Amazon testing its solar-powered sidewalk technology.