RST Cleantech

Automatic Solar Panel Cleaning

Energy Tech
Private

Company Overview

Snapshot

Founded in July 2013 by Roy Sade and Shani Bakaliar, RST Cleantech operates with 11–50 employees. The company has raised $6.2 million across one funding round from two investors. In March 2021, RST Cleantech secured funding from Sonol and Israel Canada Tech Investments.

Business overview

RST Cleantech specializes in automated solar panel cleaning solutions, primarily targeting the Energy Tech sector. Its core product, the NightWash system, offers a fully automated, brushless, and labor-free cleaning process controlled via a mobile app. This technology aims to enhance solar panel energy production by up to 30% by maintaining efficiency through regular cleaning. The system is designed for both new solar installations and retrofitting existing projects, serving various solar project types and ensuring compliance with panel manufacturers' warranties while reducing labor hazards.

Strategic signal

In August 2021, RST Cleantech announced its intention to list on the Tel Aviv Stock Exchange (TASE) and filed for an IPO. This move signals a strategic shift towards public markets, aiming to secure further capital for expansion and enhance market visibility, indicating a mature stage of development and a push for significant growth within the renewable energy sector.

Company Intelligence Q&A

When was RST Cleantech founded?
RST Cleantech was founded in July 2013.
Who are the founders of RST Cleantech?
RST Cleantech was co-founded by Roy Sade and Shani Bakaliar.
What is the primary product offered by RST Cleantech?
RST Cleantech offers the NightWash system, an automated solar panel cleaning solution designed to increase energy production.
What significant corporate development did RST Cleantech pursue in August 2021?
In August 2021, RST Cleantech announced its intention to list on the Tel Aviv Stock Exchange and filed for an IPO.
Which investors participated in RST Cleantech's funding round in March 2021?
In March 2021, RST Cleantech received funding from Sonol and Israel Canada Tech Investments.

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