Apollo Power Overview
Apollo Power develops and manufactures photovoltaic (PV) technology, including flexible and ultra-light solar cells. These solar cells have high efficiency rates and are designed to meet a broad range of energy production needs across various industries. Apollo Solar Roll is specifically designed to fit any lightweight structure with load limits or extra - curved surfaces. Apollo also collaborates with OEMs like Audi, Hyundai, Renault, and CEVT to incorporate solar technologies in different parts of vehicles. These solutions can help charge vehicle batteries, demonstrating the company's commitment to finding innovative ways to integrate solar power into various industries. In 2023, Apollo Power established a factory for mass-producing solar panels. This 10,000-square-meter facility, located in the Mevo Carmel Science and Industry Park in Yokneam in northern Israel, was built at a cost of NIS 100 million ($30 million) and is designed to increase the production of flexible solar panels.
Cumulative Funding Raised Over Time ($)
—Jan 2017
Latest News
growth-negative
Israeli fund Fortissimo and U.S. giant Apollo among bidders in Goldman Sachs–led tender for analytics company.
AppsFlyer, an Israeli analytics company, is in the process of being acquired, with Fortissimo Capital and Apollo Global Management among the bidders. The sale, led by Goldman Sachs, marks a strategic shift for AppsFlyer, which had been preparing for an IPO. The company is valued between $2.7–3 billion, higher than its last valuation of $2 billion in 2020. Fortissimo Capital, currently investing from its sixth fund, may need partners to acquire AppsFlyer. The company recently laid off 100 employees, signaling potential preparations for a sale or IPO. AppsFlyer develops tools for analyzing marketing campaigns and has expanded its product portfolio through acquisitions, tripling its revenue to $400 million.
Acquired-byLayoffsManagement Changes
growth-positive
Assessing the Valuation of Yue Yuen Industrial (SEHK:551) After Recent Volatility
Yue Yuen Industrial (Holdings) has experienced notable stock price fluctuations, drawing attention from investors. Despite a year-to-date decline of 21%, the company has shown resilience with an 11% gain over the past year and a 13% increase in the past three months. Over a longer period, the stock is up 53% over three years and 44% over five years. The companys P/E ratio of 7.2x suggests it is undervalued compared to industry peers, indicating potential for growth if profit levels are sustained or improved. While the company shows steady revenue and net income growth, risks remain due to inconsistent short-term returns and potential shifts in market sentiment.
growth-positive
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
growth-positive
BHP Xplor Opens Applications for 2026 Cohort, Offering Equity-Free Funding and Global Support
BHP Group Limited has announced the opening of applications for the 2026 cohort of its BHP Xplor accelerator program, which aims to transform the discovery of critical minerals. The program offers early-stage explorers up to USD $500,000 in equity-free funding, mentorship, and access to BHP’s global network. BHP Xplor has been successful in previous years, fostering partnerships and accelerating exploration projects. The program supports BHPs long-term growth by engaging with diverse exploration projects. Applications are open from September 8 to October 15, 2025.
Partners
growth-positive
Westin Desaru Coast Resort partners with CAYIN Technology for digital signage
CAYIN Technology has partnered with Westin Desaru Coast Resort in Johor, Malaysia, to enhance guest communication and operational efficiency through the implementation of its CMS-WS server and CAYIN Signage Player. This collaboration involves the use of digital signage to provide real-time updates across 14 Samsung displays in various areas of the resort. The project was executed in partnership with Hola Media, which provided integration services, including installation, design, staff training, and support. The system has improved communication, reduced staff workload, and enhanced the guest experience, preparing the resort for future digital expansion.
Partners
| Sector | Energy Tech |
Funding
| Total funding | $414.28K |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 5 |
| Investors | 1 |
Team Members
7
Employees: 51-200
Web & Social Links
| Website | apollo-power.com |
| Careers | Careers page |
Locations
Ha-Yetsira Street 6, Yokne'am Illit, Israel
Photos & Videos
6 item(s)
Apollo Power Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesElectric Mobility & Alternative FuelsClimate TechEnergy TransitionClean Energy GenerationSustainable Water SolutionsWater for Industry & Residential UsesEnergy TechEnergy Production & SourcesTarget Customer
Defense, Safety & SecurityNational SecurityEnergy, Utilities & Waste ManagementRenewable Energy SystemsSolarUtilitiesWater UtilitiesIndustrial ManufacturingDiscrete IndustriesAutomotiveSemiconductors & ElectronicsTransportation & LogisticsCore Technology
Materials & SubstancesTags (20)
nanotechnologyenergymaterialsrenewable-energysolar-panelssolar-energyenergy-savingconstructionclimate-techproptechsolar-cellsphotovoltaicssurface-and-coatingsenergytechalternative-fuelswireless-chargingdefenseautomotiveoptronicssmart-mobilitySolutions
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{"title":"Automotive","description":"Apollo Power provides flexible solar films for Automotive OEMs to integrate into vehicles, extending EV range, reducing charging frequency, powering auxiliary systems, and enhancing vehicle sustainability and brand image.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":3,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":1,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Lightweight ConstructionAutomotive OEMGeographic Markets
CanadaSouth KoreaGermanyUnited StatesSingaporeEuropeChinaIsraelApollo Power Financials
$414.28K
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Public
Funding stage
5
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
—Jan 2017
Private Equity Funding
Undisclosed Round
Jan 2017
Undisclosed
Next Gear Ventures
Non-Equity Funding
GrantEvent
Jan 2024
Undisclosed
Lippert,
GrantEvent
Jan 2023
$200K
GrantEvent
Jun 2015
$214.28K
GrantEvent
Jan 2014
Undisclosed
Office of the Chief Scientist
Public Offering / Exit
ReverseMergerEvent
Oct 2017
Undisclosed
Apollo Power Lifecycle
Cumulative Funding Raised Over Time
—Jan 2017
All Events
Undisclosed Round
Jan 2017
Undisclosed
Next Gear Ventures
GrantEvent
Jan 2024
Undisclosed
Lippert,
GrantEvent
Jan 2023
$200K
GrantEvent
Jun 2015
$214.28K
GrantEvent
Jan 2014
Undisclosed
Office of the Chief Scientist
ReverseMergerEvent
Oct 2017
Undisclosed
Apollo Power News
21 articles
growth-negative
Israeli fund Fortissimo and U.S. giant Apollo among bidders in Goldman Sachs–led tender for analytics company.
AppsFlyer, an Israeli analytics company, is in the process of being acquired, with Fortissimo Capital and Apollo Global Management among the bidders. The sale, led by Goldman Sachs, marks a strategic shift for AppsFlyer, which had been preparing for an IPO. The company is valued between $2.7–3 billion, higher than its last valuation of $2 billion in 2020. Fortissimo Capital, currently investing from its sixth fund, may need partners to acquire AppsFlyer. The company recently laid off 100 employees, signaling potential preparations for a sale or IPO. AppsFlyer develops tools for analyzing marketing campaigns and has expanded its product portfolio through acquisitions, tripling its revenue to $400 million.
Acquired-byLayoffsManagement Changes
growth-positive
Assessing the Valuation of Yue Yuen Industrial (SEHK:551) After Recent Volatility
Yue Yuen Industrial (Holdings) has experienced notable stock price fluctuations, drawing attention from investors. Despite a year-to-date decline of 21%, the company has shown resilience with an 11% gain over the past year and a 13% increase in the past three months. Over a longer period, the stock is up 53% over three years and 44% over five years. The companys P/E ratio of 7.2x suggests it is undervalued compared to industry peers, indicating potential for growth if profit levels are sustained or improved. While the company shows steady revenue and net income growth, risks remain due to inconsistent short-term returns and potential shifts in market sentiment.
growth-positive
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
growth-positive
BHP Xplor Opens Applications for 2026 Cohort, Offering Equity-Free Funding and Global Support
BHP Group Limited has announced the opening of applications for the 2026 cohort of its BHP Xplor accelerator program, which aims to transform the discovery of critical minerals. The program offers early-stage explorers up to USD $500,000 in equity-free funding, mentorship, and access to BHP’s global network. BHP Xplor has been successful in previous years, fostering partnerships and accelerating exploration projects. The program supports BHPs long-term growth by engaging with diverse exploration projects. Applications are open from September 8 to October 15, 2025.
Partners
growth-positive
Westin Desaru Coast Resort partners with CAYIN Technology for digital signage
CAYIN Technology has partnered with Westin Desaru Coast Resort in Johor, Malaysia, to enhance guest communication and operational efficiency through the implementation of its CMS-WS server and CAYIN Signage Player. This collaboration involves the use of digital signage to provide real-time updates across 14 Samsung displays in various areas of the resort. The project was executed in partnership with Hola Media, which provided integration services, including installation, design, staff training, and support. The system has improved communication, reduced staff workload, and enhanced the guest experience, preparing the resort for future digital expansion.
Partners
growth-positive
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes
Infosys led gains in Indias Nifty 50 index, which closed higher for the fifth consecutive session, driven by a 5% surge in Infosys shares following the announcement of a share buyback plan. The IT sector, which accounted for a significant portion of the days gains, benefited from expectations of a U.S. interest rate cut, which could boost technology spending in the U.S., a key market for Indian IT firms. The broader market also saw gains, with the Nifty 50 and BSE Sensex both rising by 0.39%. The anticipation of a Federal Reserve rate cut was fueled by weaker-than-expected U.S. job data.
Growth-Positive
אפולו פאוור תספק מערכת סולארית קלה וגמישה לאצטדיון הוולודרום בת"א
Apollo Power, a company that develops flexible solar panels, has signed an agreement worth 600,000 shekels to supply and install solar panels on the Sylvan Adams Velodrome, a training and Olympic competition facility for track cycling at the National Sports Center in Tel Aviv. The project is part of Tel Aviv Municipalitys energy efficiency program to utilize the rooftops of large sports facilities that require a flexible and lightweight panel for solar energy production.
Partners
growth-positive
Israel's Apollo Power opens 'world's first' factory for flexible solar film panels
Israeli solar energy company Apollo Power has opened a flagship factory for the mass production of solar panels. The facility, located in Israel, was built at an investment of $30 million and is the first of its kind in the world. Apollo Power has developed technology for flexible, lightweight, durable, and high-efficiency solar films that can turn any sun-kissed surface into an energy-producing surface. The companys solar panels are used on cars, trucks, roofs, and aircraft. Apollo Power has partnerships with companies like Amazon, Volkswagen, Audi, Hyundai, Renault, and Geely. The opening of the facility follows Apollos commercial deal with Volkswagen and collaboration with Audi to integrate solar panels into the roofs of electric vehicles.
CustomersPartners
growth-positive
יצרנית רכב הזמינה מאפולו יריעות סולאריות ב-33 מיליון דולר - Techtime - חדשות אלקטרוניקה והייטק
אפולו פאואר חתמה על הסכם ארוך טווח עם קבוצת רכב אירופית לאספקת יריעות סולאריות שישולבו בדגמי רכב לאחר גמר הייצור. ההסכם יחל ב-2024 למשך 10 שנים ויכלול אספקת עשרות אלפי יריעות בשווי כולל של כ-33 מיליון דולר. החברה מתכוונת להקים קו ייצור ייעודי עבור הלקוח. מניית החברה עלתה כ-10% בבורסת תל-אביב בעקבות ההודעה.
Partners
growth-positive
Apollo to install flexible solar energy systems for Amazon
Israeli solar energy company Apollo Powers subsidiary SolarPaint has received a €750,000 order from Amazon in Europe. The order is for the design, delivery, and installation of Apollo Energys flexible, lightweight film solar energy systems for an Amazon logistics center in France. The systems will produce 450 kilowatts of electricity and contribute to Amazons goal of 100% electricity consumption from renewable sources by 2025. The order could lead to further installations in other Amazon buildings and logistics centers. Apollo Powers share price has risen 8.24% and the company has a market cap of NIS 1 billion.
PartnersCustomers
growth-positive
Israel's Apollo Power says Amazon to try out its solar energy sidewalk
Israels Apollo Power announces that Amazon will test its lightweight and flexible solar energy technology on a logistics site in France. The order is worth 750,000 euros. Apollos solar energy films are designed for surfaces like aircraft or cars and will also be tested in space. The project is part of Amazons goal to power its operations with 100% renewable energy by 2025. Apollo is also collaborating with Audi and Volkswagen to bring solar technology to automobiles.
PartnersCustomers
growth-positive
אפולו הכריזה על הנפקת זכויות ושווייה עלה ב־200 מיליון שקל כלכליסט
Apollo Power, an Israeli company that develops and manufactures solar panels, has announced plans to raise 47 million shekels (around $14.5 million) and a potential additional 24.7 million shekels (around $7.6 million) through options. The announcement led to a significant rise in the companys stock. The funds raised will be used to advance the companys business plans. The companys controlling shareholder, Westar Holdings, intends to exercise all of its rights in the issuance, contributing 23.5 million shekels. The companys CEO, Oded Rozenberg, and CTO, Eran Maimon, will also exercise their rights.
InvestmentExpand
growth-positive
חיבור ראשון לחשמל לפרויקט הפיילוט הצף של אפולו פאוור
Apollo Power, a company developing flexible solar panels, has connected its floating solar installation on the Carmel coast to the electricity grid as part of a pilot project. The installation, which covers an area of about 1200 square meters, consists of floating solar rolls. The company mentioned that the small facility, with a capacity of less than 100 kilowatts, is the first commercial installation that connects to the grid. The modest payment received from the Carmel coast water management association was mainly to showcase the companys deployment capabilities.
PartnersInvestment
growth-positive
פולקסווגן תציג מכונית קונספט - בסיוע אפולו פאואר הישראלית כלכליסט
פולקסווגן קיבלה הזמנה מסולארפוינט, חברת בת של אפולו פאואר, לתכנון מכונית קונספט עם פתרון סולארי. היקף העסקה כמה עשרות אלפי יורו. פולקסווגן מתכננת לפתח רכבים חשמליים וכבר הציגה דגמי ID החשמליים. טעינה סולארית עשויה להיות פתרון בעיית הטווח ומגבלות רשתות הטעינה של הרכב החשמלי.
PartnersExpand
growth-positive
הבוננזה של יום טוב סמיה: חברת האנרגיה שזינקה 2,500% בתוך שנה
Apollo Power, a green energy company, has seen a significant increase in its stock value over the past year, despite not yet having significant revenues. The companys stock has risen by 2,500% in just over a year, bringing its value to around 1.8 billion shekels. This increase is attributed to the future potential investors see in the company. The companys chairman, Yom Tov Samia, holds about 0.5% of the companys capital, which has increased in value to more than 7 million shekels. The main beneficiaries of Apollo Powers meteoric rise are the companys controlling shareholders, the Mor brothers, who hold about 49% of the companys capital.
Investment
growth-positive
רפאל ואפולו פאוור במו"מ להקמת חברה משותפת - Techtime - חדשות אלקטרוניקה והייטק
חברת אפולו פאוור וחברת רפאל יקימו חברה משותפת לפיתוח סדרת מוצרים ביטחוניים המשלבים יריעות סולאריות גמישות. ההודעה גרמה לקפיצה של כ-10% במניית אפולו פאוור בבורסת תל אביב.
Partners
growth-positive
אפולו פאוור תתקין יריעות סולאריות על מאגרי מים באזור הכרמל
אפולו פאוור תתקין יריעות סולאריות על מאגרי מים באזור הכרמל. החברה הודיעה על פיילוט להקמת מתקן סולארי צף שמשלב את היריעות שמייצרת החברה הבת שלה, סולארפיינט. ההשקעה בפרויקט מוערכת ב-600 אלף שקל.
Partners
growth-positive
Solar energy company Apollo Power signs POC agreement with defense contractor Rafael
Apollo Power Ltd., a Tel Aviv-listed solar energy company, has signed a proof of concept agreement with Israeli defense contractor Rafael Advanced Defense Systems Ltd. The agreement involves Apollo Power subsidiary, SolarPaint Ltd., collaborating with Rafael to test the feasibility of integrating its flexible solar panels into materials used in the manufacturing of Rafaels products. SolarPoint will conduct a 13-week program and will be paid $50,000 for conducting the tests. If successful, Rafael will have exclusive rights for a six month period to sign a commercial collaboration with Apollo Power.
Partners
growth-positive
Apollo Power's flexible solar panels provide cheap electricity anywhere the sun shines, says CEO Oded Rozenberg
Apollo Power, a company that produces flexible solar panels, is experiencing growth in the solar power industry. The CEO, Oded Rozenberg, stated that solar power can compete with oil and natural gas in terms of electricity prices. Apollo Powers flexible solar panels can be used to charge various devices and can be placed on any surface. The company is collaborating with auto manufacturer Audi and the Renault-Nissan-Mitsubishi innovation lab to incorporate its solar rooftop panel technology into electric vehicles. Rozenberg emphasized the importance of solar power in the automotive industrys shift towards electric and hybrid vehicles. He also highlighted the cost-effectiveness and convenience of solar energy compared to traditional electricity-generating methods.
PartnersCustomers
growth-positive
SolarPaint lists on Tel Aviv Stock Exchange
Solar Paint Ltd., a company that develops solar energy products, has completed its merger with Or City Holdings Ltd. The merged company, now named Apollo Power, will begin trading on the Tel Aviv Stock Exchange. Solar Paint recently raised NIS 9.4 million through a rights issue and a public offering. The companys main product is flexible photovoltaic wallpaper, which can turn any surface into a power producer. Solar Paint is also working on energy storage and usage systems using a pay-as-you-go model. The company conducts its research and development at the Technion Israel Institute of Technology.
AcquisitionPublic Trading
growth-positive
Israeli entrepreneurs see a bright future for solar technology
SolarPaint, an Israeli start-up, has developed a technology that can generate solar power by coating surfaces with a special photovoltaic paint. The company aims to create space-efficient and renewable energy solutions that can be applied to roofs, walls, and even roads. SolarPaint has raised $1.25 million from Israeli angel investors and the Israeli government and plans to pilot a production phase in Israel. The companys current price for its coated solar wallpaper rolls is $3.26-3.72 per square foot, making it cheaper than flexible solar panels and conventional silicon panels. SolarPaint aims to go global if it successfully demonstrates the viability of its products.
InvestmentExpand
Apollo Power Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 62 |
| Team members | 8 |
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Apollo Power Internal
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515081057 |
| Crunchbase | apollo-power |
| Phone | +97249071515 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-26T00:00:00.000Z |
| Created | 2015-04-29T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on TASE on Oct, 2017<br> |