Ecoppia Overview
Ecoppia offers robotic cleaning solutions designed to keep PV modules clean and at peak performance year-round. The company's water-free, fully automated robotic solutions use advanced business intelligence capabilities to prevent soiling losses and potential damage. Managed remotely, Ecoppia's platform allows utility-scale solar sites to achieve optimal performance with minimal human intervention and a lower levelized cost of energy. Its proprietary algorithms and robotic solutions make day-to-day operation and maintenance at solar sites safer and more efficient and reliable. Ecoppia cleans millions of solar panels each month, providing an exceptional return on investment for leading energy conglomerates worldwide.
Cumulative Funding Raised Over Time ($)
$40.0MJul 2020
$53.0MNov 2017
Latest News
growth-negative
צעד אחרון לפני מכירת השלד: אקופיה מחלקת את 165 מיליון השקלים שנותרו בקופה כדיבידנד | כלכליסט
אקופיה, a company that developed robots for cleaning solar panels, has faced significant losses and was sold in March 2022. The company, which was valued at 1.3 billion shekels at the end of 2020, lost 88% of its value before being sold to CEO Eran Degani. The remaining shell of the company will be sold to investors with the aim of introducing a new activity. The companys remaining cash balance of 165 million shekels will be distributed as a dividend to shareholders. The companys major shareholders are CIM (26.5%), an American real estate company controlled by businessmen Avi Shemesh and Shaul Kuba, and Harel Insurance (11%) through Nostro.
AcquisitionLayoffs
Growth-Negative
Ecoppia sold for NIS 18m after NIS 1.3b TASE IPO
Israeli robotic solar panel cleaning company, Ecoppia, has sold its business activities to its CEO, Eran Dgani, for NIS 18 million. The company had its IPO on the Tel Aviv Stock Exchange in November 2020, raising NIS 282 million at a company valuation of NIS 1.3 billion. However, the companys share price has since fallen 20% since the start of the week and 90% since its IPO. Dganis private company will also give the public company a percentage of future revenue. If the activity holds another IPO, the public company will have an option to purchase shares at a discount.
AcquisitionManagement Changes
growth-negative
מנכ"ל אקופיה התפטר בעקבות מחלוקת עם הדירקטוריון - Techtime - חדשות אלקטרוניקה והייטק
The CEO of Ecoppia, Jean Summa, has resigned following a dispute with the companys board of directors. The company is currently undergoing a cost reduction and operational efficiency plan. In 2022, the company reported a net loss of $21.5 million. Eran Dagan, the companys COO, has been appointed as the new CEO. Ecoppias robotic panel cleaning robots operate autonomously and clean panels at night, removing around 99% of the accumulated dust. The company recently announced a partnership with Matrix Renewables to supply robots to solar farms in Chile and Spain.
Management ChangesLayoffs
Ecoppia Expands its Global Presence with 4 New Projects in Spain and Chile with Matrix Renewables
Ecoppia Expands its Global Presence with 4 New Projects in Spain and Chile with Matrix Renewables
| Sector | Energy Tech |
Funding
| Total funding | $135M |
| Last funding | $82M |
| Stage | Public |
| Rounds | 3 |
| Investors | 5 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.ecoppia.com |
| Careers | Careers page |
Locations
Bat Hefer, Israel
Gurgaon, Haryana 122002, India
Photos & Videos
4 item(s)
Ecoppia Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Climate TechEnergy TransitionClean Energy GenerationEnergy TechEnergy Production & SourcesTarget Customer
Energy, Utilities & Waste ManagementRenewable Energy SystemsSolarCore Technology
Machinery & RoboticsAssistive BotArtificial IntelligenceMachine LearningData StorageCloudTags (16)
photovoltaicsenergycleaning-robotsolar-energyrenewable-energysolar-panelsclimate-techcloud-basedpredictive-maintenancepanel-performanceautomationenergytechmachine-learningartificial-intelligencebig-datawater-savingGeographic Markets
South AmericaEgyptIsraelEuropeUnited Arab EmiratesGlobalMexicoChileSpainIndiaAustraliaEcoppia Financials
$135M
Total funding
Undisclosed
Capital raised
$82M
Last funding
Public
Funding stage
3
Total rounds
5
Investors
Cumulative Funding Raised Over Time ($)
$40.0MJul 2020
$53.0MNov 2017
Private Equity Funding
Undisclosed Round
Jul 2020
$40M
CIM Group
Undisclosed Round
Nov 2017
$13M
Harel Insurance & Finance (Lead)
,
Gandyr Investments, GlenRock Group, Swarth Group
Public Offering / Exit
MNAEvent
Mar 2024
$4.5M
POEvent
Dec 2020
Undisclosed
Ecoppia Lifecycle
Cumulative Funding Raised Over Time
$40.0MJul 2020
$53.0MNov 2017
All Events
Undisclosed Round
Jul 2020
$40M
CIM Group
Undisclosed Round
Nov 2017
$13M
Harel Insurance & Finance (Lead)
,
Gandyr Investments, GlenRock Group, Swarth Group
MNAEvent
Mar 2024
$4.5M
POEvent
Dec 2020
Undisclosed
Ecoppia News
37 articles
growth-negative
צעד אחרון לפני מכירת השלד: אקופיה מחלקת את 165 מיליון השקלים שנותרו בקופה כדיבידנד | כלכליסט
אקופיה, a company that developed robots for cleaning solar panels, has faced significant losses and was sold in March 2022. The company, which was valued at 1.3 billion shekels at the end of 2020, lost 88% of its value before being sold to CEO Eran Degani. The remaining shell of the company will be sold to investors with the aim of introducing a new activity. The companys remaining cash balance of 165 million shekels will be distributed as a dividend to shareholders. The companys major shareholders are CIM (26.5%), an American real estate company controlled by businessmen Avi Shemesh and Shaul Kuba, and Harel Insurance (11%) through Nostro.
AcquisitionLayoffs
Growth-Negative
Ecoppia sold for NIS 18m after NIS 1.3b TASE IPO
Israeli robotic solar panel cleaning company, Ecoppia, has sold its business activities to its CEO, Eran Dgani, for NIS 18 million. The company had its IPO on the Tel Aviv Stock Exchange in November 2020, raising NIS 282 million at a company valuation of NIS 1.3 billion. However, the companys share price has since fallen 20% since the start of the week and 90% since its IPO. Dganis private company will also give the public company a percentage of future revenue. If the activity holds another IPO, the public company will have an option to purchase shares at a discount.
AcquisitionManagement Changes
growth-negative
מנכ"ל אקופיה התפטר בעקבות מחלוקת עם הדירקטוריון - Techtime - חדשות אלקטרוניקה והייטק
The CEO of Ecoppia, Jean Summa, has resigned following a dispute with the companys board of directors. The company is currently undergoing a cost reduction and operational efficiency plan. In 2022, the company reported a net loss of $21.5 million. Eran Dagan, the companys COO, has been appointed as the new CEO. Ecoppias robotic panel cleaning robots operate autonomously and clean panels at night, removing around 99% of the accumulated dust. The company recently announced a partnership with Matrix Renewables to supply robots to solar farms in Chile and Spain.
Management ChangesLayoffs
Ecoppia Expands its Global Presence with 4 New Projects in Spain and Chile with Matrix Renewables
Ecoppia Expands its Global Presence with 4 New Projects in Spain and Chile with Matrix Renewables
Ecoppia Announces Appointment of Amir Fishelov, Co-Founder of SolarEdge Technologies to its Board of Directors
Ecoppia Lands A 181.25 MWac Project In Chile With Global Player ENGIE
Ecoppia Lands a 181.25 MWac Project in Chile With Global Player ENGIE
Ecoppia’s H4 Robotic Solar PV Cleaner Awarded Top Product of the Year by Environment + Energy Leader Awards
growth-positive
Ecoppia’s H4 Robotic Solar PV Cleaner Awarded Top Product of the Year by Environment + Energy Leader Awards
Ecoppia, a leader in robotic cleaning solutions for solar PV, has won the Top Product of the Year Award for their H4 robot in the Environment + Energy Leader Awards program. The H4 robot is an autonomous cleaning solution for large scale solar PV sites, introducing helix technology for spiral cleaning and preventing heavy dust accumulation. The robot also features adaptable bidirectional cleaning, a super duster mode and extended coverage of up to 2KM. Ecoppias CEO, Jean Scemama, expressed excitement over the recognition and highlighted the H4s ability to optimize energy production and lower operational costs.
Customers
Ecoppia Signs a First Ever Hybrid Project of 400MW With Market Leader Azure Power, Featuring Multiple Robotic Solutions on One Site
Ecoppia Announces Another Project With Leading Global Investor Actis In India
growth-positive
Israel's Ecoppia producing robotic solar cleaning tech in India
Ecoppia, an Israel-based company, is producing robotic solar cleaning technology in India for a landmark project in the United Arab Emirates. The company, which specializes in robotic solar cleaning solutions, has its manufacturing base in India. The project is part of the multilateral collaboration between Israel, UAE, and India. The business potential of cooperative ventures among the three countries is estimated to be $110 billion by 2030. Ecoppias fully autonomous, water-free robots will help achieve optimal productivity in the arid region while saving water resources. The partnership between Israel and India, with the support of the UAE, exemplifies international cooperation for sustainable development. This milestone project is estimated to be worth $4-5 billion annually.
PartnersCustomers
Ecoppia Strengthens Its Presence in the Middle East with a first Project in Egypt
growth-positive
אקופיה חתמה על הסכם בהיקף של 6.84 מיליון דולר עם לקוח אסטרטגי למכירת רובוטים ותחזוקה שוטפת בלומר
Ecoppia has sold its new product, the H4, as part of a deal in which three of the companys products will be installed together in one project and managed by Ecoppias unique AI platform. The project is a second agreement with the same customer, as part of the implementation of a framework agreement with the customer. The agreement is for a project with a capacity of about 400MW, which also combines tracking technology (SAT) and a fixed configuration (Fixed Tilt) with several different sizes of panels.
Customers
growth-positive
Ecoppia's robots to clean one million solar energy panels in India in multi-million deal
Israeli company Ecoppia has struck a major deal with Azure Power, one of Indias leading solar energy players. The agreement is for a 450MW project, including one million solar panels, set to go live in the first quarter of 2021. The deal is estimated to be worth several million dollars. Ecoppia recently went public on the Tel Aviv Stock Exchange at a valuation of $1 billion. Despite the ongoing pandemic, Ecoppia has secured new projects and maintained a compound annual growth rate of over 280% in the last six years. Ecoppias robotic systems remove dust from solar panels using advanced machine learning and IoT capabilities. The partnership with Azure Power signifies the solar industrys move towards automated O&M.
PartnersInvestment
growth-positive
Ecoppia Signed Another Significant Project Of 450MW With Solar Leader Azure Power
Ecoppia, a global leader in robotic solutions for photovoltaic solar, has announced a significant 450MW project with Azure Power. Despite the global pandemic, Ecoppia has secured new projects for more than 10GW in the last four quarters, maintaining a compound annual growth rate (CAGR) of more than 280% in the last six years. The company has enabled its clients to maintain optimal production while avoiding potential damage, even during complete lockdowns. The partnership with Azure Power is seen as a vote of confidence in Ecoppia, as it continues to expand its market share in India and globally.
PartnersExpand
Ecoppia Announces IPO After Successfully Completing Its Public Tender Phase
growth-positive
אקופיה תצא להנפקה בבורסה בשווי של 300 מיליון דולר
אקופיה, a company that develops and manufactures robots for cleaning solar panels, has raised $73 million in funding. The companys valuation is set at $300 million, and it is planning to go public with an IPO on the Tel Aviv Stock Exchange. The Israeli institutional investors, including Psagot and insurance companies Menora, Migdal, and Harel, have committed to purchasing shares in the IPO. The company is capitalizing on the strong trend of solar energy and has a large market potential. Acoppias robots can clean up to 1,200 solar panels, preventing a decrease of up to 35% in their efficiency. The company has installed a cumulative capacity of 2,500 megawatts and has signed additional contracts for 17,000 megawatts, which are expected to generate future revenues of $200-300 million.
InvestmentPublic Trading
growth-positive
CIM invests $40m in Israeli solar panel cleaning co Ecoppia
Ecoppia, an Israeli company specializing in robotic cleaning solutions for photovoltaic solar panels, has received a $40 million strategic investment from CIM Group. CIM Group is now the largest investor in Ecoppia. The companys autonomous robotic solutions have been proven to keep solar panels at peak performance while minimizing costs. Despite the challenges of the COVID-19 pandemic, Ecoppia has secured over 10GW of new projects in the past three quarters. The investment from CIM Group will allow Ecoppia to continue its geographic expansion and accelerate its innovative developments towards fully data-driven, automation-based solar operations and maintenance.
Investment
Ecoppia Announces US$40M Strategic Investment by US-Based CIM Group
growth-positive
Robotic Cleaning of Solar Modules Gaining Traction in India Amid Water Scarcity
The article discusses the importance of robotic cleaning systems for solar panels in India, where water scarcity is a major concern. Robotic cleaning solutions are gaining acceptance as they are more cost-effective and efficient compared to manual cleaning. The Ministry of New and Renewable Energy (MNRE) has recommended the use of robotic cleaning technology to minimize water wastage. Companies like Ecoppia and Skilancer Solar are offering robotic panel cleaning solutions to customers, and major developers in India have deployed these systems in their solar projects. Robotic cleaning eliminates the need for water, reduces labor costs, and improves electricity generation. The article highlights the potential for increased ROI and water savings with robotic cleaning systems. The adoption of these technologies is expected to grow as costs decrease and water scarcity continues to be a challenge in India.
CustomersPartners
growth-positive
Ecoppia to deploy cloud-based robotic cleaners for over 400 MWp Fortum solar projects
Israeli developer Ecoppia has been chosen by Fortum to deploy its module cleaning robots for solar projects in India. The robots will be used in Fortums projects in the Pavagada and Bhadla solar parks, with a total production capacity of 427 MWp. Ecoppias robots are fully autonomous and water-free, ensuring sustainable operation of solar business. UK Climate Investments and Elite Alfred Berg, stakeholders in Fortums operating assets, share the same vision towards sustainable operation of solar business. The partnership allows Fortum to provide clean energy without exhausting water resources, contributing to cost-effective and environmentally friendly solar energy production.
PartnersCustomers
growth-positive
Deloitte Technology Fast 500 EMEA Winners - Ecoppia - Robotic Solar Cleaning Solution
Ecoppia, a leader in robotic cleaning solutions for solar PV, has announced several positive developments. The company has appointed Eran Dgani as its new CEO, effective from May 28th, 2023. Ecoppia has also expanded its global presence with four new projects in Spain and Chile with Matrix Renewables. The companys fully autonomous H4 and T4 robots will be used to clean the PV modules on site. Additionally, Ecoppia has appointed Amir Fishelov, Co-Founder of SolarEdge Technologies, to its board of directors. The company has also won several awards, including the Best O&M Team of the Year 2022 at The Solaris Awards.
Management ChangesExpand
growth-positive
Ecoppia Launches Dedicated Robotic Cleaning Solution for Single Axis Trackers
Ecoppia has announced the general availability of its newest fully-autonomous solution for single axis tracker installations, the Ecoppia T4. The first commercial deployment of the T4 is already underway in the Middle East and will go fully live by the end of April. The system utilizes over 100 cleaning robots to ensure that soiling and dust storms do not impact production levels. The T4 has passed rigorous testing and certification by leading module makers, tracker manufacturers, and financial institutions. Ecoppia plans to expand its activity to the Americas with the commercial launch of the T4, and the pipeline for the product worldwide has already crossed the 1,000 MW threshold.
Expand
growth-positive
https://www.pv-tech.org/news/ecoppia-bags-325mw-order-for-waterless-cleaning-robot
Sprng Energy, backed by Actis, has ordered Ecoppias waterless robotic panel cleaning system for a 325MW site at the REWA solar park in India. The facility is expected to be operational in Q1 2019. The adoption of breakthrough technologies like Ecoppia is seen as key for coping with challenging market conditions. The E4 system is estimated to save more than one billion litres of water and reduce operational costs. Indias aggressive solar tenders have resulted in low prices, but concerns about module import tariffs are driving the need to maximize yield for project viability.
PartnersCustomers
growth-positive
Ecoppia to Deploy 2,000 Panel Cleaning Robots in Bhadla Solar Park for SB Energy
Ecoppia has signed an agreement with SB Energy to install robots for solar panel cleaning at the Bhadla Solar Park in Rajasthan. The water-free cleaning technology will solve the water problem and maintain energy output. Ecoppias robots can save over 2 billion liters of water in 25 years of operation. SB Energy believes that adopting breakthrough technologies is key to increasing operational efficiency. Ecoppia has also partnered with ENGIE and Ostro Power for deployments in the Bhadla Solar Park.
PartnersCustomers
growth-positive
Ecoppia deploys PV cleaning systems for 84 MW Ostro Energy solar plants in Bhadla
Ecoppia, an Israel-based company specializing in water-free robotic cleaning solutions for PV power plants, has completed three deployments in the Bhadla region of Rajasthan, India. The sites were developed by Ostro Energy, a renewable energy platform backed by Actis Capital. By using Ecoppias cleaning system, Ostro Energy is expected to save over 0.5 billion liters of water and reduce operating expenses. Ecoppias solution has been used by leading energy companies in India, and the company aims to eliminate soiling losses in Ostro projects and lower O&M costs. The article highlights the importance of breakthrough technologies like Ecoppias in coping with challenging market conditions and enabling solar expansion in Rajasthan.
CustomersPartners
growth-positive
Solar panel cleaning co Ecoppia raises $13m
Israeli startup Ecoppia has raised $13 million in its third financing round led by Harel Insurance Investments and Financial Services Ltd. The company has developed a unique technology for cleaning solar panels, allowing for optimal electricity generation throughout the year. Ecoppia works with major solar energy industry companies and expects orders totaling over 2,000 megawatts in 2018. The financing round demonstrates financial backing and contributes to lowering the levelized cost of electricity.
Investment
growth-positive
NTPC Dadri: NTPC Dadri installs robotic dry cleaning system for solar PV plant Noida News - Times of India
NTPC Dadri has installed a Robotic Dry Cleaning System (RDCS) for the solar panels at its solar PV plant. The RDCS, built at a cost of Rs 76 lakhs, is from an Israel based company called Ecoppia. It is the first of its kind in India and uses a robotic method of cleaning solar panels. The RDCS is wireless operated, self-powered, energy independent, and self-cleaned. It conserves water and reduces power generation loss due to soiling. NTPCs total installed capacity has become 48143 MW with the addition of 115 MW of the Bhadla Solar Power Project. NTPC is committed to setting up 10000 MW of renewable energy projects by 2022.
Expand
growth-positive
https://www.pv-tech.org/news/ecoppia-installs-cleaning-robots-for-40mw-solar-plant-on-israel-jordan-bord
Ecoppia, a provider of robotic and water-free solar panel cleaning solutions, has deployed its E4 cleaning robots at a 40MW solar plant on the Israel Jordan border. The Ketura Solar facility is jointly-owned by EDF Renewable Energy and Arava Power. The site is near to agricultural sites that generate large quantities of dust, faces frequent sandstorms and little if any rain. Ecoppia now has more than 300MW worth of deployments and claims to clean 10 million panels each month. The firm recently reached an agreement with Solairedirect India, a subsidiary of energy multinational Engie Group, to provide its automated systems within the Bhadla Solar Park in India.
PartnersExpand
growth-positive
Ecoppia module cleaning solution chosen for Bhadla Solar Park in India
French energy group ENGIE has selected Ecoppia to provide its state-of-the-art, water-free solar panel cleaning system to 168 MW of a 190 MW PV system. The cleaning solution is automated, robotic, and water-free, and can significantly lower the LCOE by increasing the output of the solar installation. The Bhadla Solar Park in India, where the cleaning system will be deployed, often falls victim to dust storms that can reduce energy generation by 40%. Ecoppias technology can restore the panels to peak energy production in just a few hours. The Bhadla Solar Park will eventually be 2,255 MW in size. Ecoppia plans to move its assembly facilities to India and open a new Asia headquarters there.
PartnersCustomers
growth-positive
Israeli company to shift production base to Chennai
The article discusses the water scarcity issue faced by India in achieving its renewable energy target. It highlights the problem of soiling on solar panels and the water requirements for cleaning them. Ecoppia, an Israeli company, offers a solution with its water-free solar array cleaning robots. The robots use a microfiber and controlled air flow system to remove dust, maximizing energy output and reducing operation and maintenance costs. Ecoppia has shifted its production center to India and is targeting the local market, with interest from major Indian companies and international players. The company aims to support Indias renewable energy goals and provide shorter payback periods for solar projects.
CustomersPartners
growth-positive
Nalin Sharma to lead build-out of Ecoppia's Asian operations
Ecoppia, a global leader in robotic cleaning for large scale solar PV sites, is building its Indian and Asian operations. The company has hired a new VP for the region, Nalin Sharma, who is a veteran of the Indian solar industry. Ecoppia recently signed a partnership agreement with Fortune 500 OEM Sanmina Corporation to produce robots at a new facility in southern India. Sharma will be responsible for scaling up business primarily in India and growing existing accounts in the region. Ecoppia aims to deploy its technology with five of the worlds largest energy players by the end of the year.
PartnersExpand
growth-positive
Ecoppia to begin production of module cleaning robots in India
Ecoppia, an Israeli developer of module cleaning robots, has announced that it will begin manufacturing its E4 units in India. The company will partner with major OEM manufacturer Sanmina to meet the increasing demand in India. Ecoppia plans to supply E4 robots to the Indian market with a capacity to clean 1 GW of PV capacity by 2017. The partnership with Sanmina will allow Ecoppia to scale quickly and establish a strong market position. The company is also looking to expand its Indian team to 20 this year to support the new manufacturing facility and provide sales and ongoing services to the market. Ecoppias E4 robots use spinning microfiber cloth for cleaning, eliminating the need for water.
PartnersExpand
growth-positive
First Solar Certifies Ecoppia's Cleaning Solution For PV Market - Solar Industry
First Solar has certified Ecoppias autonomous, waterless cleaning technology for use on all solar sites employing First Solars PV modules. The use of these cleaning robots provides consistent cleaning on a nightly basis, resulting in increased solar output and revenue for site owners. Ecoppias waterless robotic cleaning solution has also gained certifications from other panel manufacturers.
Partners
growth-positive
Ecoppia's robots clean solar panels automatically
Israeli start-up Ecoppia has developed robots that clean solar panels, reducing dust and dirt that can reduce electricity output by 35%. The robots are fully automated and recharge themselves using solar energy. They are made of strong, soft fibers and work using controlled air pressure. Ecoppia approached the Arava Power Company for a trial, which was successful, and 100 robots were installed on panels in the Ketura Sun solar field. Ecoppia is currently focusing on the Israeli market and plans to expand to the US market and announce additional partnerships.
Customers
Ecoppia Team
Umesh Goraik Rathaur
VP - Ecoppia India and Global O&M
Employee Info
| Employees (range) | 51-200 |
| Exact count | 106 |
| Team members | 2 |
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Paz Eliav |
| Registrar ID | 516949740 |
| Crunchbase | Ecoppia |
| Phone | +972542289224 |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2024-05-26T00:00:00.000Z |
| Created | 2014-11-18T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Acquired by ECO-OPS on Mar, 2024 |