Ecoppia, an Israel-based developer of cleaning technology for solar photovoltaic panels, has closed a $13m funding round that included insurance provider Harel Group Insurance and Finance.
Harel was joined by private equity firm Glenrock and investment firms Gandyr and Swarth Group. The company had not disclosed any previous funding.
Founded in 2013, Ecoppia has developed an automated system that cleans and removes dust from solar panels without using water. Its customers include energy utilities Engie, NTPC and EDF.
Eran Meller, Ecoppia’s co-founder and chief executive, said: “The addition of Harel Group to the company’s investors cement Ecoppia’s market position as the only viable solution for large-scale solar projects.
“The financial stability this investment grants us will enable the company to continue serving the largest energy players in the world, meeting the requirement of the top financial institutions involved in cleantech and the growing demand in our pipeline.”