Company Overview
Snapshot
Founded in July 2013 by Roy Sade and Shani Bakaliar, RST Cleantech operates with 11–50 employees. The company has raised $6.2 million across one funding round from two investors. In March 2021, RST Cleantech secured funding from Sonol and Israel Canada Tech Investments.
Business overview
RST Cleantech specializes in automated solar panel cleaning solutions, primarily targeting the Energy Tech sector. Its core product, the NightWash system, offers a fully automated, brushless, and labor-free cleaning method for solar panels, controlled via a mobile app. This technology aims to enhance solar panel energy production by up to 30% through regular cleaning, serving various solar projects and applicable to both new installations and existing ones. The company operates within the broader Cleantech sector, focusing on renewable energy and energy-saving solutions for residential and commercial sites, with a presence in geomarkets including the United States, Israel, and Chile.
Strategic signal
In August 2021, RST Cleantech announced its intention to list on the Tel Aviv Stock Exchange (TASE) and filed for an IPO. This move signals a strategic validation of the company's growth trajectory and market potential, indicating a push towards greater public visibility and access to capital for further expansion in the automated solar panel cleaning market.
Log in to access full profile ›Company Intelligence Q&A
- What is RST Cleantech's primary offering?
- RST Cleantech's primary offering is the NightWash system, an automated, brushless, and labor-free solution for cleaning solar panels, controlled via a mobile application.
- When was RST Cleantech founded and by whom?
- RST Cleantech was founded in July 2013 by Roy Sade and Shani Bakaliar.
- Has RST Cleantech received any certifications for sustainability?
- In January 2020, RST Cleantech was certified by the Agency of Sustainable Energy in Chile.
- What was a significant financial event for RST Cleantech in 2021?
- In August 2021, RST Cleantech filed for an Initial Public Offering (IPO) on the Tel Aviv Stock Exchange (TASE).
- Which markets does RST Cleantech target with its solutions?
- RST Cleantech targets geomarkets including the United States, Israel, and Chile with its automated solar panel cleaning solutions.