Apollo Power Ltd.

www.apollo-power.com

Formerly Solarpaint

High-Tech Company
Public Company

(TASE: APLP)

TECH VERTICALS

Solar Energy, Photovoltaics Automotive, Blockchain, Climate Tech, Drones, Energy Generation, Energy Tech, FinTech, Materials, Renewables, Solar Tech, SpaceTech, Sustainability, UAV

General Data

Sector	Energy
Company Stage:	Revenue Growth
Established	2014
Number of Employees	100
Reg. Number:	abCDe

DESCRIPTION

Apollo Power is a company focused on the development and manufacturing of solar energy solutions in the renewable energy sector. The company's main offerings include lightweight and flexible solar films that can transform any surface into an energy source. Apollo Power primarily serves the automotive and construction industries with its innovative solar solutions.

TECHNOLOGY

Solar Energy, Flexible Solar Film, Solar Awning, Solar Pavement, Floating photovoltaics (FPV).

ESTIMATED ANNUAL SALES

	TARGET MARKETS
	Automotive - OEMs & Car Fleets, Construction, Private homes, Municipalities, Off grid utilities.

	BUSINESS MODEL
	B2B

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm

REMARKS

Date	Remark
01/04/2022	Apollo is the winner of the JEC INNOVATION AWARD together with its solar roof project partners AUDI AG and Mubea Carbo Tech GmbH in the automotive surface category.
14/02/2022	Apollo has received a purchase order by Amazon. The project will be carried out in Q4 of 2022 in Amazon's facilities in France.
01/10/2021	Apollo has won the Israeli Ministry of defense tender for the development and supply of "solar blankets" for protection of various vehicles batteries, based on Apollo's flexible film and technologies.
13/11/2019	Following the successful PoC with the Renault-Nissan-Mitsubishi innovation lab, Apollo Power applied the next generation of the Apollo Film on the roof and bonnet of a Renault Zoe, a 100% electric car.
18/12/2017	The research and development behind the company takes place at the micro-nano fabrication unit in the Technion Israel Institute of Technology.

CONTACT INFO

Expand / Collapse All

Main Address: Yoqneam Ilit, Israel

Address	6 Hayetzira St.
City	Yoqneam Ilit
Country	Israel
Zip	2066722

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Oded Rozenberg	CEO & Co-Founder
Mr. Asaf Katz	Deputy CEO	Suron (CEO)
Mr. Eran Maimon	CTO & Co-Founder
Mr. Doron Aranya	Group CFO	ITS (CFO)
Dr. Yaron Tidhar	Chief Scientist
Mr. Elad Sharabi	Chief Business Officer
Dr. Ramon Albalak	VP, R&D	Avery Dennison Hanita (Director of R&D and Innovation)
Ms. Michal Dagan	CHRO & Company Secretary

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Former CEO , ICG Energy
abC Defghij	Board Member	Board Director, Allot
abC Defghij	Board Member	CTO & Co-Founder, Apollo Power
abC Defghij	Board Member	CEO & Co-Founder, Apollo Power

Mergers & Acquisitions

Round

Date

Stage

Amount

Valuation

Reverse Merger

Oct. 03, 2017

R&D

abCDe

A shares swap deal.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	Shares swipe deal. Prior to the merger, and as part of the term for its completion, Or City Holdings raised $2.7m (NIS 9.4m) in a combination of a public and a private offering.

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
Dec. 04, 2025	Fourth Public Offering		abCDe	abCDe	Raised NIS 32.6m; Valuation NIS 236m; Potential future profit of up to $6.4m (NIS 20.65m) if options given are fully exercised; Main shares holder, Vestar Holdings, participated in the offering and invested about $7m (NIS 23m).
Jan. 10, 2022	Third Public Offering	TASE	abCDe	abCDe	Raised NIS 47m in a rights offering; Valuation NIS 1b
Jun. 11, 2020	Second Public Offering		abCDe	abCDe	NIS 5.3m

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

Expand / Collapse All

Round

Date

Stage

Amount

Valuation

PIPE

Sep. 06, 2022

Initial Revenues

abCDe

(58.5M NIS). An additional future funding of up to approximately $12m (41m NIS) assuming the exercise of all the warrants.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Hedge Fund	abCDe
abC Defghij	Hedge Fund	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Private Investor	abCDe
abC Defghij	Private Investor	abCDe

PIPE

Apr. 13, 2021

Initial Revenues

abCDe

NIS 75m

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Investment Company	abCDe

PIPE

Feb. 12, 2020

Initial Revenues

abCDe

PIPE

Aug. 21, 2019

Initial Revenues

abCDe

PIPE

Apr. 02, 2019

Initial Revenues

abCDe

PIPE

Oct. 15, 2017

R&D

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Venture Capital Fund	abCDe
abC Defghij	Private Investor	abCDe

Seed

Jan. 01, 2014

Seed

abCDe

	R&D Grants

Expand / Collapse All

Round

Date

Stage

Amount

Remarks

R&D Grant

Jan. 01, 2024

Initial Revenues

abCDe

Co-op with Lippert Components (Elkhart, IN).

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Bi-National Fund	abCDe

	Non-Equity Assistance

Expand / Collapse All

Date

Stage

Remarks

Non-Equity Assistance

Dec. 19, 2019

Initial Revenues

Contributor	Type	Amount	Remarks
abC Defghij	Corporate Accelerator	abCDe

Last Updated:	abCDe
IVC Number:	abCDe