Module cleaning firm Airtouch Solar completes IPO, targets international expansion

Facebook
Twitter
LinkedIn
Reddit
Email
Airtouch’s autonomous module cleaning technology in action. Image: Airtouch Solar.

Airtouch Solar, an Israel-based provider of robotic module cleaning technology, is looking to enter new markets after raising US$18 million in an initial public offering (IPO).

Joining the Tel Aviv Stock Exchange, the company’s shares will begin trading over the coming days with the ticker symbol ‘ARTS’. The IPO was led by Poalim IBI Underwriters, the law firm of Goldfarb Seligman and the accounting firm BDO, and values Airtouch at US$124 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Founded in 2017, the company has developed water-free robotic cleaning technology to remove dust from PV panels, with its products currently on sale in Israel and India.  

CEO Nick Lanir Brown said funds raised from the IPO will help with research and development, to assist in entering new markets and to “significantly increase sales and services in light of the growing demand for the company’s products”.

The firm’s headquarters and manufacturing facility are both in Israel, and it is currently considering establishing another production site in India.

“We are proud of the company’s revenues and achievements this far but believe that the market is just getting started,” said Airtouch founder and chairman Yanir Allouche. “Robotic cleaning for the PV panels is a game changer, bringing important advancement to the solar energy world. Airtouch will continue to develop smart and precise robotic solutions for solar developers.”

The news follows a recent IPO by Ecoppia, a robotic solar panel cleaning business also based in Israel. Having secured its first contract in Egypt, the company is now readying itself to enter new markets, while also developing a more intelligent form of data collection for its cleaning robots.

Elsewhere, Indian start-up Solavio Labs last month secured funding to help it scale up its manufacturing footprint. The company has developed an artificial intelligence-based dry cleaning solution that it says is compatible “with almost any panel or climatic condition”.

Read Next

June 5, 2025
Indian solar module manufacturer Vikram Solar has received final approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) and raise capital through the public markets.
Premium
June 2, 2025
Ben Moore reports on RESPONDENT, a European-funded project that uses space technologies to help integrate renewable energy into the grid.
May 27, 2025
Following reports of 'rogue' communication devices in Chinese solar inverters, the solar industry needs to wake up to cybersecurity risk.
May 20, 2025
The ability of PV simulation software to accurately simulate energy performance for bifacial modules leaves more questions than answers.
May 16, 2025
Array Technologies has unveiled its latest tracker, designed for use in regions prone to high wind speeds and significant hailstorms.
Premium
May 7, 2025
Jonathan Touriño Jacobo profiles Silicon Ranch, a US IPP whose ‘Regenerative Energy’ concept takes a holistic approach to PV development.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece