Otovo

Norwegian energy company Otovo offers solar panels, installation, and energy consumption analytics for commercial and residential properties.

General Information
Company Name
Otovo
Founded Year
2016
Location (Offices)
Norway +14
Founders / Decision Makers
Number of Employees
272
Industries
Energy, Marketplaces, Renewable Energy
Funding Stage
Post Ipo Equity
Social Media

Otovo - Company Profile

Otovo is a Norwegian energy company offering solar panels, installation, and energy consumption analytics for commercial and residential properties. The company, founded in 2016, aims to make solar energy production easy and hassle-free for homeowners. Operating in multiple European countries, including Austria, Belgium, France, Germany, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the UK, Otovo has successfully completed thousands of solar energy projects and aspires to become the leading provider of residential solar in Europe. The last investment of €40.00M in post-IPO equity occurred on 13 November 2023 and was backed by AxSol, Å Energi, OBOS Group, and Nysnø. Otovo's commitment to sustainability and expansion presents an appealing investment opportunity in the burgeoning renewable energy and marketplace industries. For those considering opportunities within the company, positions can be explored on their careers page, while businesses interested in collaboration can register as installation partners on their website. For further information, visit www.otovo.com.

Taxonomy: Solar Panels, Energy Analytics, Energy Installation Services, Residential Properties, Commercial Properties, Flexible Payment Structure, Energy Efficiency, Marketplace, Technology, European Expansion, Investment Backing

Funding Rounds & Investors of Otovo (10)

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Funding Stage Amount No. Investors Investors Date
Post-IPO Equity €40.00M 4 OBOS Group, Nysnø 13 Nov 2023
Post-IPO Debt kr1.10B 2 SpareBank 1 SR-Bank 25 Jan 2023
Post-IPO Equity kr200.00M 4 OBOS Forsikring, Nysnø +1 25 Jan 2023
Post-IPO Equity kr300.00M 6 OBOS Forsikring, Nysnø +3 22 Feb 2022
Venture Round kr150.00M 1 03 Dec 2019

View All 10 Funding Rounds

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