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Otovo
Marketplace for solar panel installation
- 201-500 employees
- B2C
- B2B
- Marketplace
- Energy
- Sustainability
- Home improvement
- Marylebone, London, UK
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Company mission
To promote energy transition from combustibles into renewables, by making the purchase and installation of solar systems a seamless and affordable experience.
42% employee growth in 12 months
Our take
With the cost of traditional energy bills rising steeply, demand for alternatives is on the up. Otovo solves this problem by connecting homeowners with solar panel installation experts.
While there are a number of solar panel marketplaces available to consumers, Otovo has successfully set itself apart thanks to its proprietary technology, which analyses individual homes to identify the optimal solar panel provider. This has given the company a valuable edge, and allowed it to raise an impressive $130 million in funding in 2023. This money will enable Otovo to expand to new geographies across Europe.
Otovo's ability to streamline the solar panel installation process, and to cut costs for homeowners, has broad market appeal. This will help ensure the company gains a strong foothold in new markets.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- 25 days of holidays
- Open to remote work
- Paid parental leave
- Pension
- Private Health Insurance
Funding (last 2 of 5 rounds)
Dec 2019
$16.4m
LATE VC
Oct 2018
$10.6m
EARLY VC
Total funding: $37.2m
Leadership
Andreas Thorsheim
(CEO)Previously worked as SVP of Products at Opera Software, and currently sits on the board of a number of companies, including Norsk Tipping and PatientSky.