Xfloat
AI-powered Floating Photovoltaic Systems
StartupXfloat is a Netanya-based startup in the Energy Tech sector, established in 2017. AI-powered Floating Photovoltaic Systems. The company has raised a total of $3.93M across 3 funding rounds, currently at the Seed stage. Xfloat was founded by Ran Alcalay and Avi Alcalay. Key investors include E44 Ventures, Miya, Or Elovitch. The company has 11-50 employees. Core technologies: Sensing, Artificial Intelligence, Machine Learning.
With $3.93M in total funding, Xfloat is a Seed-stage company operating in Energy Tech. The company follows a B2B business model. Product stage: Released.
- StageSeed
- ProductReleased
- ModelB2B
- Employees11-50
- HQNetanya
- DistrictCenter District
- Last Round$1M
- E44 Ventures
- Miya
- Or ElovitchLead
Ran AlcalayCo-founder & CEO
Avi AlcalayCo-founder & CTO
6 articles covered by sources including cleantechnica.com,
www.pv-magazine.com,
finance.walla.co.il,
www.pv-tech.org,
nocamels.com.
What does Xfloat do?
Xfloat is working to improve the efficiency and cost-effectiveness of floating solar projects with a water management system that controls solar panel tilting and tracking through water loads and pumps. This system combines sensor data with machine learning for enhanced photovoltaic performance and maintenance planning. A key feature is its buoyancy tanks, which adjust PV panel rotation without the need for motors or hydraulics, utilizing a hydrostatic positioning mechanism. This approach aims to generate electricity for various users, including industrial plants and private consumers, effectively utilizing solar energy on water surfaces.
How much funding has Xfloat raised?
Xfloat has raised $3.93M in total funding across 3 rounds. The company is currently at the Seed stage. Key investors include E44 Ventures, Miya, Or Elovitch.
Who founded Xfloat?
Xfloat was founded in 2017 by Ran Alcalay (Co-founder & CEO), Avi Alcalay (Co-founder & CTO).
What sector is Xfloat in?
Xfloat operates in Climate Tech, Energy Transition, Clean Energy Generation, Sustainable Water Solutions, Water for Industry & Residential Uses, Energy Tech, Energy Production & Sources, with core technologies in Sensing, Artificial Intelligence, Machine Learning. Target customers: Energy, Utilities & Waste Management, Renewable Energy Systems, Solar, Industrial Manufacturing, Manufacturing Facilities.
Where is Xfloat located?
Xfloat is based in HaGavish Street 10, Netanya, Israel, Center District.