Energy Services Financing
Otovo Raised $7.25M to Fund Its Private Placement Financing Round
Adam Harrie — July 9, 2026
Otovo has closed a $7.25 million private placement financing round, bringing its total capital raised to approximately $34 million over the past nine months to support its planned acquisition of Green Panel, Israel's leading behind-the-meter distributed energy services platform. The funding will accelerate Otovo's expansion across Europe and the Middle East, building on a footprint that has grown to 15 countries and 14 U.S. states since its December 2025 merger.
The capital supports Otovo's acquisition-led strategy across operations and maintenance, solar, battery storage and EV charging services, while expanding investment in its proprietary 'Endurance' AI platform for managing distributed energy systems. Otovo has grown its customer base to more than 30,000 in just over six months, positioning itself to consolidate its position in the residential and commercial energy services market.
Otovo shows how AI-enabled energy platforms are using strategic acquisitions and continued investment to scale distributed energy services across international markets.
