Ecoppia
Water-free Robotic Cleaning for Photovoltaic Panels
Company Overview
Snapshot
Founded in January 2013, Ecoppia operates with 51–200 employees. The company has raised a total of $135 million across 3 funding rounds from 5 investors. In March 2024, Ecoppia was acquired by ECO-OPS.
Business overview
Ecoppia provides robotic cleaning solutions for photovoltaic panels, focusing on water-free and fully automated systems. The company's technology utilizes advanced business intelligence to prevent soiling losses and potential damage, ensuring optimal performance for utility-scale solar sites. Managed remotely, Ecoppia's platform aims to minimize human intervention and lower the levelized cost of energy, serving the renewable energy and solar sectors with proprietary algorithms and robotic solutions for safer and more efficient operation and maintenance.
Strategic signal
The acquisition of Ecoppia by ECO-OPS in March 2024 for NIS 18 million, following its NIS 1.3 billion TASE IPO, signals a significant shift in the company's trajectory. This event indicates a consolidation within the solar energy maintenance sector and highlights the evolving landscape for publicly traded cleantech companies. For investors, it suggests a potential re-evaluation of market valuations and exit strategies for similar firms in the renewable energy space.
Log in to access full profile ›Company Intelligence Q&A
- What was the most recent significant corporate event for Ecoppia?
- In March 2024, Ecoppia was acquired by ECO-OPS for NIS 18 million, following its NIS 1.3 billion TASE IPO.
- When did Ecoppia go public?
- Ecoppia announced its IPO after successfully completing its public tender phase in December 2020 on the TASE.
- Did Ecoppia receive a strategic investment in 2020?
- In July 2020, Ecoppia announced a strategic investment of $40 million from US-based CIM Group.
- Has Ecoppia expanded its global presence recently?
- In March 2023, Ecoppia expanded its global presence with four new projects in Spain and Chile in collaboration with Matrix Renewables, and also landed a 181.25 MWac project in Chile with ENGIE.
- What was a notable product award received by Ecoppia?
- In July 2022, Ecoppia’s H4 Robotic Solar PV Cleaner was awarded Top Product of the Year by the Environment + Energy Leader Awards.