Israeli robotic solar cleaning company raises $18 million through IPO

Israeli robotic solar cleaning service provider, Airtouch Solar, has completed an initial public offering to raise $18 million at a company post-money valuation of $124 million. The shares were purchased primarily from leading institutional investors in the Israeli capital market. Airtouch Solar estimates that the target market for robotic cleaning solutions is worth about $11 billion as only 5 per cent of solar installations in the world operate using robotic cleaning solutions.

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