SolarPower Overview
SolarPower Israel is an EPC (system integration) and solar parks development company which provides renewable energy solutions and focused solar Photovoltaic (PV) technology. The company, integrate, supply and install solar energy systems for grid-connected applications, rural electrification, telecommunications and homeland security.
Cumulative Funding Raised Over Time ($)
$1.1MMar 2008
Latest News
growth-positive
Orad in talks to buy Solarpower
Orad Ltd. is in negotiations to acquire Solarpower, a company that designs, builds, and maintains solar power systems and initiates alternative energy projects in Israel. The completion of the deal is subject to various conditions, including financing consent and approval by the Antitrust Authority director general. Orad reported a NIS 14 million equity deficit in its last financial reports. The companys shareholders include CEO Ariel Adoram, Yitzhak Sultan, and Nir Peleg. Orad finished the first half of the year with improved revenue and a net profit of over NIS 3 million.
Acquisition
growth-positive
Solar Power to the people
Israeli company SolarPower Ltd. is a start-up that is building an alternative energy prototype while also providing solar energy products and services. The company aims to finance its independent business through its service role. SolarPower has developed an innovative inverter that improves electricity conversion efficiency. The company is also exploring smart control of its inverter through the Internet. SolarPower is currently partnering on projects in Angola and Ethiopia, and expects to reach sales of NIS 7-8 million in 2005. The solar market based on photovoltaic panels is growing, but government support is needed for further development. SolarPower is waiting for investment to develop its inverter prototype.
InvestmentExpand
Funding
| Total funding | $1.1M |
| Last funding | $1.1M |
| Stage | Acquired |
| Rounds | 1 |
| Investors | 2 |
Team Members
2
Employees: 11-50
Web & Social Links
| Website | solarpower.co.il |
Locations
Pardesiya, Israel
Photos & Videos
1 item(s)
SolarPower Business
Business models
B2B, B2G
Product stage
Released
Employees
11-50
Sector
—Target Customer
—Core Technology
—Tags (6)
solar-panelsenergysmart-gridsolar-energyisorenewable-energyGeographic Markets
South AfricaUnited KingdomSolarPower Financials
$1.1M
Total funding
Undisclosed
Capital raised
$1.1M
Last funding
Acquired
Funding stage
1
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$1.1MMar 2008
Private Equity Funding
Undisclosed Round
Mar 2008
$1.1M
Precede Technologies, Rosenram Development
Public Offering / Exit
MNAEvent
Oct 2015
$1M
SolarPower Lifecycle
Cumulative Funding Raised Over Time
$1.1MMar 2008
All Events
Undisclosed Round
Mar 2008
$1.1M
Precede Technologies, Rosenram Development
MNAEvent
Oct 2015
$1M
SolarPower News
2 articles
growth-positive
Orad in talks to buy Solarpower
Orad Ltd. is in negotiations to acquire Solarpower, a company that designs, builds, and maintains solar power systems and initiates alternative energy projects in Israel. The completion of the deal is subject to various conditions, including financing consent and approval by the Antitrust Authority director general. Orad reported a NIS 14 million equity deficit in its last financial reports. The companys shareholders include CEO Ariel Adoram, Yitzhak Sultan, and Nir Peleg. Orad finished the first half of the year with improved revenue and a net profit of over NIS 3 million.
Acquisition
growth-positive
Solar Power to the people
Israeli company SolarPower Ltd. is a start-up that is building an alternative energy prototype while also providing solar energy products and services. The company aims to finance its independent business through its service role. SolarPower has developed an innovative inverter that improves electricity conversion efficiency. The company is also exploring smart control of its inverter through the Internet. SolarPower is currently partnering on projects in Angola and Ethiopia, and expects to reach sales of NIS 7-8 million in 2005. The solar market based on photovoltaic panels is growing, but government support is needed for further development. SolarPower is waiting for investment to develop its inverter prototype.
InvestmentExpand
SolarPower Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 30 |
| Team members | 2 |
Similar Companies
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SolarPower Internal
Recent Updates
No update log entries.
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Admin Info
| Confidence | 88/100 |
| Missing | founding month, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 513361782 |
| Crunchbase | solarpower-israel |
| Phone | 97298654904 |
| Last update | 2016-05-25T00:00:00.000Z |
| Created | 2014-09-07T00:00:00.000Z |
| Hidden | The company is not innovative (visible: 0) |
| Status detail | Acquired by Orad on Oct, 2015 |