Airtouch Solar

Company Overview

Snapshot

Founded in August 2016 by Yanir Allouche, Airtouch Solar has grown to 51–200 employees. The company has raised $25.67M across 4 funding rounds from 3 investors. In March 2021, Airtouch Solar completed its Initial Public Offering on the TASE.

Business overview

Airtouch Solar develops autonomous robotic solutions for cleaning utility-scale photovoltaic panels. The company's technology utilizes water-less cleaning robots equipped with microfiber wipes and wind-blowing technology to remove heavy soiling particles, aiming to improve cleaning results and increase solar energy output. Airtouch Solar also incorporates a dedicated control system and deep-learning software to predict problems and reduce failure rates. The company operates in the Energy Tech sector, specifically targeting the renewable energy systems market, with a focus on solar energy installations globally, including Israel and India.

Strategic signal

In May 2023, Airtouch Solar secured a multimillion-dollar deal to deploy its Israeli-made robots for cleaning solar panels in India, followed by an $8.5 million cleaning robot contract with ReNew in August 2023. These agreements highlight the company's successful expansion into key international markets and validate the demand for its autonomous, water-efficient solar panel cleaning technology, signaling strong commercial traction and growth potential in the global renewable energy sector.

Company Intelligence Q&A

What is Airtouch Solar's primary offering?

Airtouch Solar develops autonomous, water-less robotic systems designed for cleaning utility-scale photovoltaic panels, utilizing microfiber wipes and wind-blowing technology to enhance efficiency and panel performance.

When did Airtouch Solar go public?

Airtouch Solar completed its Initial Public Offering (IPO) on the TASE in March 2021.

What significant contract did Airtouch Solar secure in India?

In August 2023, Airtouch Solar signed an $8.5 million contract with ReNew for its cleaning robots, following a $4 million deal with Acme in March 2023, to clean solar panels in India.

What was a notable early investment in Airtouch Solar?

In January 2021, Energy Economy invested $2 million in Airtouch Solar, supporting the company's development of solar panel cleaning robots.

What is the company's approach to solar panel maintenance?

Airtouch Solar's approach involves autonomous robots that use microfiber wipes and wind-blowing technology for water-less cleaning, aiming to increase solar energy output by up to 30% and conserve water in dry, dusty regions.