Apollo Power

Company Overview

Snapshot

Founded in May 2014 by Eran Maimon and Ido Hadar, Apollo Power operates with 51–200 employees. The company has secured $414.28K across 5 funding rounds from 1 investor. In January 2023, Apollo Power opened a 10,000-square-meter factory in Yokneam, Israel, for mass-producing flexible solar panels, representing a significant expansion of its manufacturing capabilities.

Business overview

Apollo Power develops and manufactures photovoltaic (PV) technology, specializing in flexible and ultra-light solar cells with high efficiency rates. Its core product, Apollo Solar Roll, is designed for lightweight structures and curved surfaces, expanding the applicability of solar energy. The company collaborates with automotive OEMs such as Audi, Hyundai, Renault, and CEVT to integrate solar technologies into vehicles for battery charging and other applications. Apollo Power operates within the Energy Tech sector, serving industries that require innovative solar power integration.

Strategic signal

In January 2023, Apollo Power inaugurated a 10,000-square-meter factory in Yokneam, Israel, dedicated to the mass production of flexible solar film panels. This strategic expansion, built at a cost of NIS 100 million ($30 million), signals the company's commitment to scaling its manufacturing capacity and meeting growing demand for its specialized solar technology. For investors, this indicates a move towards greater market penetration and operational efficiency in the flexible solar panel market.

Company Intelligence Q&A

What is Apollo Power's primary business?

Apollo Power develops and manufactures photovoltaic (PV) technology, including flexible and ultra-light solar cells, designed for high efficiency and diverse energy production needs across various industries.

When was Apollo Power founded and by whom?

Apollo Power was founded in May 2014 by Eran Maimon and Ido Hadar.

What was a significant manufacturing milestone for Apollo Power?

In January 2023, Apollo Power opened a 10,000-square-meter factory in Yokneam, Israel, for the mass production of flexible solar film panels.

Has Apollo Power engaged in partnerships within the automotive industry?

Yes, Apollo Power collaborates with automotive OEMs like Audi, Hyundai, Renault, and CEVT to integrate solar technologies into vehicles for battery charging and other applications.

When did Apollo Power become a publicly traded company?

Apollo Power listed on the Tel Aviv Stock Exchange (TASE) in October 2017.