About
Apollo Power develops and manufactures photovoltaic (PV) technology, including flexible and ultra-light solar cells. These solar cells have high efficiency rates and are designed to meet a broad range of energy production needs across various industries. Apollo Solar Roll is specifically designed to fit any lightweight structure with load limits or extra - curved surfaces.
Apollo also collaborates with OEMs like Audi, Hyundai, Renault, and CEVT to incorporate solar technologies in different parts of vehicles. These solutions can help charge vehicle batteries, demonstrating the company's commitment to finding innovative ways to integrate solar power into various industries.
In 2023, Apollo Power established a factory for mass-producing solar panels. This 10,000-square-meter facility, located in the Mevo Carmel Science and Industry Park in Yokneam in northern Israel, was built at a cost of NIS 100 million ($30 million) and is designed to increase the production of flexible solar panels.
Funding history · 1 round · $414K total
Company Intelligence Q&A
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- When did Apollo Power become a public company?
- Apollo Power went public on the Tel Aviv Stock Exchange (TASE) in October 2017 through a reverse merger.
- What significant manufacturing development did Apollo Power achieve in 2023?
- In 2023, Apollo Power established a 10,000-square-meter factory in Yokneam, Israel, for the mass production of flexible solar panels. This facility cost NIS 100 million ($30 million).
- Which automotive OEMs does Apollo Power collaborate with?
- Apollo Power collaborates with OEMs such as Audi, Hyundai, Renault, and CEVT to integrate solar technologies into vehicles.
- What was a notable partnership for Apollo Power in February 2022?
- In February 2022, Apollo Power announced that Amazon would try out its solar energy sidewalk systems.
- What type of solar system did Apollo Power agree to provide for the Velodrome stadium in Tel Aviv?
- In March 2024, Apollo Power agreed to supply a lightweight and flexible solar system for the Velodrome stadium in Tel Aviv.
- What was the nature of Apollo Power's agreement with a defense contractor in September 2020?
- In September 2020, Apollo Power signed a Proof of Concept (POC) agreement with the defense contractor Rafael for its flexible solar panels.
- What was Apollo Power's first recorded funding event?
- Apollo Power received an undisclosed funding round in January 2017, with Next Gear Ventures listed as an investor. For full financing history, refer to startupim.
- What was the purpose of Apollo Power's pilot project in October 2021?
- In October 2021, Apollo Power achieved its first electrical connection for a floating pilot project.
- What was the total amount of grants Apollo Power received from the IIA between 2015 and 2023?
- Between June 2015 and January 2023, Apollo Power received grants totaling $414,280 from the IIA.