Company Overview
Snapshot
Founded in May 2014 by Eran Maimon and Ido Hadar, Apollo Power is a public company with 51–200 employees. The company has secured $414.28K across five funding rounds. In January 2023, Apollo Power opened a factory for mass-producing solar panels, marking a significant expansion in 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. These solar cells are designed to meet diverse energy production needs across various industries, including a specific product, Apollo Solar Roll, for lightweight structures and curved surfaces. The company also collaborates with automotive OEMs such as Audi, Hyundai, Renault, and CEVT to integrate solar technologies into vehicles, aiming to charge vehicle batteries and enhance sustainability. Apollo Power operates within the Energy Tech sector, focusing on renewable energy, particularly solar panels and solar cells.
Strategic signal
In January 2023, Apollo Power opened a 10,000-square-meter factory in Israel for mass-producing flexible solar film panels. This facility, built at a cost of NIS 100 million ($30 million), signifies a major strategic move to scale production and meet growing demand for its innovative solar technology, positioning the company for increased market penetration and operational efficiency.
Log in to access full profile ›Company Intelligence Q&A
- When did Apollo Power go public?
- Apollo Power went public on the TASE in October 2017 through a reverse merger with Or City Holdings.
- What significant manufacturing expansion did Apollo Power undertake?
- In January 2023, Apollo Power opened a 10,000-square-meter factory in the Mevo Carmel Science and Industry Park in Yokneam, Israel, for mass-producing flexible solar film panels. This facility was built at a cost of NIS 100 million ($30 million).
- Has Apollo Power engaged in any pilot projects with defense contractors?
- In September 2020, Apollo Power signed a Proof of Concept (POC) agreement with the defense contractor Rafael.
- What was a notable partnership for Apollo Power in the automotive sector?
- In October 2021, Volkswagen showcased a concept car developed with assistance from Apollo Power, highlighting the company's integration into the automotive industry.