- Raised $1M grant led by BIRD Foundation, May 2023
- Raised $1M Series A led by Miya, Feb 2023
- Raised $2.9M Seed round led by Or Elovitch, Feb 2022
About
Xfloat is an Israeli startup that has developed a pioneering floating PV system that implements horizontal tracking and smart algorithm control for utility-scale water-top solar plants. The system utilizes a hydrostatic positioning mechanism with buoyancy tanks and an intelligent water management system to control solar panel tilting and tracking through water loads and pumps, without the need for motors or hydraulics. This approach aims to improve the efficiency and cost-effectiveness of floating solar projects, generating up to 28% more efficient yield than other FPV systems and reducing overall lifetime costs. Xfloat's technology combines sensor data with machine learning for enhanced photovoltaic performance and maintenance planning. The company supplies its system and operational solution to EPCs, owners, and developers globally.
Funding history · 4 rounds · $4.9M total
Headcount over time
Q&A
- What is Xfloat's primary business?
- Xfloat develops AI-powered Floating Photovoltaic Systems, focusing on improving the efficiency and cost-effectiveness of floating solar projects through a water management system that controls solar panel tilting and tracking.
- When was Xfloat founded?
- Xfloat was founded in December 2017.
- How much funding has Xfloat raised to date?
- Xfloat has raised a total of $3,930,000 USD across multiple funding rounds.
- When did Xfloat receive its most recent funding?
- In May 2023, Xfloat received a Grant round of $1,000,000 USD from BIRD Foundation.
- Which investors participated in Xfloat's Seed round in March 2023?
- E44 Ventures and Miya participated in Xfloat's Seed round in March 2023.
- Who are the co-founders of Xfloat?
- The co-founders of Xfloat are Ran Alcalay, who serves as CEO, and Avi Alcalay, who serves as CTO.
- What technologies does Xfloat utilize in its solutions?
- Xfloat utilizes Sensing, Artificial Intelligence, and Machine Learning in its solutions.
Team · 6
Sectors & technology
Highlights
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | xfloat.co/ |
|---|---|
| linkedin.com/company/78335885 | |
| YouTube | youtube.com/channel/UChXZK4G9vzkc6NyTNsx3lUA |
Identifiers & details
| Legal name | Xfloat Ltd. |
|---|---|
| Founded | 2017-12 |
| Employees (exact) | 16 |
Radar intelligence
Patents
| EPO | 2 |
|---|
Publications (Crossref)
| Works | 1 |
|---|
Web history (Wayback)
| Domain | xfloat.co |
|---|
Certificate / subdomain footprint
| Subdomains | 12 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 515763084 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2017-12-27 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2024 |
| Active charges / liens | 0 |
| Registry events | 6 — people (2), charge (2), shares_capital (2) |
| Registered address | ברקת-פארק התעשייה 7 קיסריה |
Recent registry events
| Date | Event |
|---|---|
| 2025-09-30 | עדכון דירקטורים-הסרת דירקטור |
| 2025-10-26 | עדכון בעלי תפקידים |
| 2026-02-25 | רישום שעבוד |
| 2025-10-16 | העברת מניות |
| 2026-01-13 | סילוק שעבוד |
| 2025-12-07 | שינוי בהרכב הון - מניות-הפחתת הון מוקצה |