Otovo USA
Otovo is a leading European residential solar energy company operating an online marketplace that connects homeowners with local solar installers. The company focuses on making solar energy accessible and affordable through a digital platform, offering both subscriptions and outright purchases. In the USA, Otovo operates through its subsidiary EnergySage, providing a similar marketplace service for residential solar and related home energy solutions.
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Renewable Energy CompanyDeveloperOperator
Strategic Overview
- Focuses on a digital-first, online marketplace model to simplify the residential solar installation process.
- Strong emphasis on the residential market segment, offering both direct sales and subscription models.
- Expansion strategy includes both organic growth in existing European markets and strategic acquisitions (like EnergySage) for new market entry, particularly in the USA.
- Aims to make solar energy more accessible and affordable for homeowners through competitive pricing and flexible financing options.
Deal History (1)
Deal Activity from Public Sources
Otovo acquires US solar marketplace EnergySage to expand into the US market
Investment Focus
Technologies
Solar1
Geography
US1
Key People
Andreas Thorsheim
CEO
Petter Ulset
CFO
Track Record
200
MW Total
20000
Deals Completed
8
Years Active
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage
Global Infrastructure Sherpa