38 place 3

480 Oslo-based Otovo bags €40 million to upscale its marketplace for residential solar self-consumption in Europe

EU-Startups
Stefano De Marzo @ EU-Startups · 11/13/2023 05:40 EDT

Oslo-based Otovo bags €40 million to upscale its marketplace for residential solar self-consumption in Europe

Otovo, a leading residential solar self-consumption and battery storage company, has completed a €40 million capital raising. The round was led by existing investors Å Energy, Axel Johnson Group and Nysnø (Norwegian Government Climate Investment Fund). The capital increase enables Otovo to secure its path to profitability and to lead the company to the number ...

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