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EnergyAid

Full company profile

uuid00026ig

Namestring
EnergyAid
Legal namestring
EnergyAid Inc.
Websiteurl
energyaid.net
Company typeenum
Private
Founded yearint
2012
Descriptiontext

EnergyAid is a private, founder-led residential solar service and repair contractor founded in 2012 and headquartered in Santa Ana, California. The company employs its own licensed technicians (11-50 employees) across nine regional offices in California, Arizona, and Nevada, and operates as a direct-to-consumer service business where customers schedule appointments via phone (877-787-0607) or website. EnergyAid's core offering spans the full post-installation lifecycle of a residential solar system: diagnostics, panel cleaning, inverter and micro-inverter replacement, battery installation and service, monitoring troubleshooting, critter guard installation, and panel removal/reinstallation, with direct monitoring integrations to SolarEdge, Enphase Enlighten, and Tigo platforms.

The company's revenue model combines small-ticket one-time services (panel cleaning at $299 for up to 30 panels, system diagnosis at $299, combined diagnosis+wash package at $399) with a tiered monthly membership program (Core $9/mo, Prime $29/mo, Ultra $49/mo) that includes 24/7 proactive monitoring, priority scheduling, remote troubleshooting, and discounts of 10% on repairs and 5% on new installations. Membership activation carries a $99 non-refundable fee. EnergyAid also generates revenue from new solar panel and battery installations and from real estate solar inspection services for home buyers and sellers. In 2025 the company generated approximately $18.7 million in revenue (20% year-over-year growth), served roughly 8,000 active customers with 2,800 subscription members, and has cumulatively serviced approximately 60,000 homes since founding.

In March 2026, Norwegian residential energy services company Otovo ASA (Euronext Oslo: OTOVO) signed a letter of intent to acquire EnergyAid for approximately $10 million in enterprise value, with the deal expected to be net income accretive starting in 2026 and intended to anchor Otovo's U.S. footprint. EnergyAid holds trademarks on its brand name/logo, is a licensed contractor in all three operating states, and was ranked #6 on the 2025 Inc. 5000 list of fastest-growing private companies. Notable channel relationships include preferred service partner status with SunPower during its bankruptcy transition and trust references from Sunrun and Sunnova.

Short descriptiontext

EnergyAid is a residential solar service and repair contractor serving homeowners in California, Arizona, and Nevada with diagnostics, panel cleaning, inverter/battery service, monitoring, and a tiered subscription membership program.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSanta Ana, United States
HQ citystring
Santa Ana
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword1 value
No supported information available
Product category
No supported information available in the input.
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Service and Repair Fees
TypeProfessional Services
Description

One-time fees for solar repair, diagnosis, panel cleaning, inverter service, and maintenance services. Includes panel cleaning ($299 for up to 30 panels), system diagnosis ($299), and combined packages ($399).

energyaid.net
2Membership Subscriptions
TypeSubscription Recurring
Description

Monthly subscription memberships (Core $9/mo, Prime $29/mo, Ultra $49/mo) providing priority scheduling, monitoring, remote troubleshooting, and discounts on services. Includes $99 non-refundable activation fee. Approximately 2,800 subscription members as of 2025.

energyaid.net
3New Installations
TypeOne Time License
Description

New solar panel and battery installations for customers seeking to add or expand systems. Company provides fully integrated solar solutions.

energyaid.net
4Real Estate Inspection Services
TypeProfessional Services
Description

Solar inspection services for home buyers, sellers, and real estate agents during property transactions, providing detailed system verification reports.

energyaid.net
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Pricing details6 tiers
1Core membership at $9/month with priority scheduling, monitoring, and remote troubleshooting
ModelSubscriptionBilling cadenceMonthly
Notes

$9/month - Priority Scheduling, Dedicated Support, 24/7 Pro-Active Monitoring, Remote Troubleshooting, 10% Off Repairs and Upgrades, 5% Off New Systems. $99 non-refundable activation fee.

energyaid.net
2Prime membership at $29/month with first available appointment and annual panel cleaning
ModelSubscriptionBilling cadenceMonthly
Notes

$29/month - Everything in Core plus 1st Available Appointment and Annual Panel Cleaning and Tune-Up ($399 Value). $99 non-refundable activation fee.

energyaid.net
3Ultra membership at $49/month with immediate response and two panel cleanings annually
ModelSubscriptionBilling cadenceMonthly
Notes

$49/month - Everything in Prime plus Immediate Response Scheduling and Additional Panel Cleaning ($299 Value). $99 non-refundable activation fee.

energyaid.net
4One-time panel cleaning service
ModelUnit PricingBilling cadencePay-as-you-go
Notes

$299.00 includes up to 30 residential panels

energyaid.net
5System diagnosis service
ModelUnit PricingBilling cadencePay-as-you-go
Notes

$299 System Diagnosis - includes electrical, visual inspection, and monitoring access

energyaid.net
6Combined diagnosis and panel wash package
ModelUnit PricingBilling cadencePay-as-you-go
Notes

$399 System Diagnosis and Panel Wash Package - both services during same appointment

energyaid.net
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

No supported information available in the input.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • 53% increase in energy output after panel cleaning (based on customer measurement)
+2 more records
Product overview1 text field

EnergyAid is a residential solar service and repair provider operating across California, Arizona, and Nevada. The company offers a comprehensive suite of services organized around a core Solar Energy Services & Repairs product, which encompasses diagnostics, cleaning, repair, and replacement for all major solar system components (panels, inverters, batteries, monitoring systems). This core offering is complemented by specialized services including Home Seller Solar Inspection for real estate transactions and a tiered Membership Program (Core, Prime, Ultra) that provides ongoing monitoring, priority scheduling, and discounts. Additional add-on services include Battery Installation, Panel Cleaning, and Critter Guard Installation. The company services all major solar brands including SolarEdge, Enphase, SunPower, SMA, Tigo, LG, Fronius, and ABB.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership3 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

EnergyAid is listed as a Preferred Service Partner on SunPower's website, supporting solar customers during SunPower's bankruptcy transition. EnergyAid provides monitoring, repair, and service support for SunPower customers.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Trusted by Sunrun, one of the nation's largest solar companies, for service and repair of installed solar systems.

Strategic tierMinorTypeChannel Partner/ Reseller/ Distributor
Description

Trusted by Sunnova for service and repair of installed solar systems.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Sunrun is the largest US residential solar installer and also operates a national service organization. EnergyAid is a trusted service partner for Sunrun's installed base, and both companies serve the same end-customer — homeowners with rooftop solar — but Sunrun is an integrated installer/lease/finance provider rather than a pure service specialist.

TypeDirect peer
Description

Palmetto Solar is a residential solar and clean energy platform with national service capabilities and a software-enabled operating model. Both Palmetto and EnergyAid target the same homeowner segment with solar service offerings, with Palmetto having a heavier technology/software orientation.

TypeDirect peer
Description

Momentum Solar is a national residential solar installer with a vertically integrated in-house service team. Comparable to EnergyAid in targeting the same homeowner segment and offering solar installation with maintenance services, though Momentum Solar is a much larger direct competitor.

TypeDirect peer
Description

Trinity Solar is one of the largest privately held residential solar installers in the US, with in-house service operations on the East Coast. Both companies share the residential solar homeowner target market and offer installation plus maintenance services, though Trinity operates in a different geography.

TypeDirect peer
Description

ADT Solar is a national residential solar installer with in-house service operations across multiple states. Comparable to EnergyAid in serving the same homeowner segment with solar installation, repair, and maintenance offerings, though ADT Solar's scale and brand are substantially larger.

TypeRegional player
Description

Solar Optimum is a California-based residential and commercial solar installer and service provider operating primarily in Southern California. Both companies are headquartered in the same region, target the same residential solar homeowner segment, and offer installation plus maintenance services, making them direct regional competitors.

TypeBroad incumbent
Description

Tesla Energy (formerly SolarCity) operates one of the largest residential solar installer and service organizations in the US, with integrated Powerwall battery offerings. Both Tesla Energy and EnergyAid serve the same residential solar homeowner segment, though Tesla is a much broader energy incumbent with vastly greater scale.

TypeBroad incumbent
Description

Sunnova is a major residential solar and battery service provider with a national footprint. EnergyAid is listed as a trusted repair partner for Sunnova, and both companies target the same residential solar homeowner segment, though Sunnova also offers financing and storage solutions.

TypeDirect peer
Description

Blue Raven Solar is a top-10 US residential solar installer with operations in multiple states including California. Both Blue Raven Solar and EnergyAid serve the same residential solar homeowner segment with installation and service offerings, making them direct competitors for new installations in shared markets.

TypeBroad incumbent
Description

SunPower was a leading US residential solar installer that filed for bankruptcy in 2024, and EnergyAid was named a Preferred Service Partner on SunPower's website during the bankruptcy transition to support orphaned customers. Both companies serve the same homeowner segment with overlapping solar service offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI capability1 record

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
Compliance3 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

EnergyAid

No supported information available in the input.energyaid.net

EnergyAid is a residential solar service and repair contractor serving homeowners in California, Arizona, and Nevada with diagnostics, panel cleaning, inverter/battery service, monitoring, and a tiered subscription membership program.

What EnergyAid does

EnergyAid is a private, founder-led residential solar service and repair contractor founded in 2012 and headquartered in Santa Ana, California. The company employs its own licensed technicians (11-50 employees) across nine regional offices in California, Arizona, and Nevada, and operates as a direct-to-consumer service business where customers schedule appointments via phone (877-787-0607) or website. EnergyAid's core offering spans the full post-installation lifecycle of a residential solar system: diagnostics, panel cleaning, inverter and micro-inverter replacement, battery installation and service, monitoring troubleshooting, critter guard installation, and panel removal/reinstallation, with direct monitoring integrations to SolarEdge, Enphase Enlighten, and Tigo platforms.

The company's revenue model combines small-ticket one-time services (panel cleaning at $299 for up to 30 panels, system diagnosis at $299, combined diagnosis+wash package at $399) with a tiered monthly membership program (Core $9/mo, Prime $29/mo, Ultra $49/mo) that includes 24/7 proactive monitoring, priority scheduling, remote troubleshooting, and discounts of 10% on repairs and 5% on new installations. Membership activation carries a $99 non-refundable fee. EnergyAid also generates revenue from new solar panel and battery installations and from real estate solar inspection services for home buyers and sellers. In 2025 the company generated approximately $18.7 million in revenue (20% year-over-year growth), served roughly 8,000 active customers with 2,800 subscription members, and has cumulatively serviced approximately 60,000 homes since founding.

In March 2026, Norwegian residential energy services company Otovo ASA (Euronext Oslo: OTOVO) signed a letter of intent to acquire EnergyAid for approximately $10 million in enterprise value, with the deal expected to be net income accretive starting in 2026 and intended to anchor Otovo's U.S. footprint. EnergyAid holds trademarks on its brand name/logo, is a licensed contractor in all three operating states, and was ranked #6 on the 2025 Inc. 5000 list of fastest-growing private companies. Notable channel relationships include preferred service partner status with SunPower during its bankruptcy transition and trust references from Sunrun and Sunnova.

EnergyAid firmographics

Firmographics
Name
EnergyAid
Legal name
EnergyAid Inc.
Website
https://energyaid.net
Company type
Private
Founded year
2012
Operating status
Operating
Headcount range
11–50 employees
Short description
EnergyAid is a residential solar service and repair contractor serving homeowners in California, Arizona, and Nevada with diagnostics, panel cleaning, inverter/battery service, monitoring, and a tiered subscription membership program.
Ownership category
akta.pro rank

Where EnergyAid is headquartered

Location

Headquarters

HQ city
Santa Ana
HQ country
United States
HQ region
North America

Offices9 records

Markets served

EnergyAid business model

Business model
GTM type
B2C
Offering type
Services

Revenue model

  1. Service and Repair Fees: One-time fees for solar repair, diagnosis, panel cleaning, inverter service, and maintenance services. Includes panel cleaning ($299 for up to 30 panels), system diagnosis ($299), and combined packages ($399).
  2. Membership Subscriptions: Monthly subscription memberships (Core $9/mo, Prime $29/mo, Ultra $49/mo) providing priority scheduling, monitoring, remote troubleshooting, and discounts on services. Includes $99 non-refundable activation fee. Approximately 2,800 subscription members as of 2025.
  3. New Installations: New solar panel and battery installations for customers seeking to add or expand systems. Company provides fully integrated solar solutions.
  4. Real Estate Inspection Services: Solar inspection services for home buyers, sellers, and real estate agents during property transactions, providing detailed system verification reports.

Pricing tiers

ModelBillingPrice
SubscriptionMonthlyCore membership at $9/month with priority scheduling, monitoring, and remote troubleshooting
SubscriptionMonthlyPrime membership at $29/month with first available appointment and annual panel cleaning
SubscriptionMonthlyUltra membership at $49/month with immediate response and two panel cleanings annually
Unit PricingPay-as-you-goOne-time panel cleaning service
Unit PricingPay-as-you-goSystem diagnosis service
Unit PricingPay-as-you-goCombined diagnosis and panel wash package

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

EnergyAid product offering

Product offering

Core offering

No supported information available in the input.

Product overview

EnergyAid is a residential solar service and repair provider operating across California, Arizona, and Nevada. The company offers a comprehensive suite of services organized around a core Solar Energy Services & Repairs product, which encompasses diagnostics, cleaning, repair, and replacement for all major solar system components (panels, inverters, batteries, monitoring systems). This core offering is complemented by specialized services including Home Seller Solar Inspection for real estate transactions and a tiered Membership Program (Core, Prime, Ultra) that provides ongoing monitoring, priority scheduling, and discounts. Additional add-on services include Battery Installation, Panel Cleaning, and Critter Guard Installation. The company services all major solar brands including SolarEdge, Enphase, SunPower, SMA, Tigo, LG, Fronius, and ABB.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

  • 53% increase in energy output after panel cleaning (based on customer measurement)
  • +2 more outcomes

Companies that use EnergyAid

Customer profile

Named customers5 records

Segments4 records

EnergyAid technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability1 record

Feature3 records

EnergyAid partnerships and signals

Strategic signal

Partnerships

Three partnerships are on record, tiered core and minor.

  • SunPowercoreStrategic or Co-development PartnerEnergyAid is listed as a Preferred Service Partner on SunPower's website, supporting solar customers during SunPower's bankruptcy transition. EnergyAid provides monitoring, repair, and service support for SunPower customers.
  • SunrunminorChannel Partner/ Reseller/ DistributorTrusted by Sunrun, one of the nation's largest solar companies, for service and repair of installed solar systems.
  • SunnovaminorChannel Partner/ Reseller/ DistributorTrusted by Sunnova for service and repair of installed solar systems.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

EnergyAid competitors and assessment

Company assessment

Broad incumbents

  • Sunrun: Sunrun is the largest US residential solar installer and also operates a national service organization. EnergyAid is a trusted service partner for Sunrun's installed base, and both companies serve the same end-customer — homeowners with rooftop solar — but Sunrun is an integrated installer/lease/finance provider rather than a pure service specialist.
  • Tesla Energy: Tesla Energy (formerly SolarCity) operates one of the largest residential solar installer and service organizations in the US, with integrated Powerwall battery offerings. Both Tesla Energy and EnergyAid serve the same residential solar homeowner segment, though Tesla is a much broader energy incumbent with vastly greater scale.
  • Sunnova Energy: Sunnova is a major residential solar and battery service provider with a national footprint. EnergyAid is listed as a trusted repair partner for Sunnova, and both companies target the same residential solar homeowner segment, though Sunnova also offers financing and storage solutions.
  • SunPower (restructured): SunPower was a leading US residential solar installer that filed for bankruptcy in 2024, and EnergyAid was named a Preferred Service Partner on SunPower's website during the bankruptcy transition to support orphaned customers. Both companies serve the same homeowner segment with overlapping solar service offerings.

Direct peers

  • Palmetto Solar: Palmetto Solar is a residential solar and clean energy platform with national service capabilities and a software-enabled operating model. Both Palmetto and EnergyAid target the same homeowner segment with solar service offerings, with Palmetto having a heavier technology/software orientation.
  • Momentum Solar: Momentum Solar is a national residential solar installer with a vertically integrated in-house service team. Comparable to EnergyAid in targeting the same homeowner segment and offering solar installation with maintenance services, though Momentum Solar is a much larger direct competitor.
  • Trinity Solar: Trinity Solar is one of the largest privately held residential solar installers in the US, with in-house service operations on the East Coast. Both companies share the residential solar homeowner target market and offer installation plus maintenance services, though Trinity operates in a different geography.
  • ADT Solar: ADT Solar is a national residential solar installer with in-house service operations across multiple states. Comparable to EnergyAid in serving the same homeowner segment with solar installation, repair, and maintenance offerings, though ADT Solar's scale and brand are substantially larger.
  • Blue Raven Solar: Blue Raven Solar is a top-10 US residential solar installer with operations in multiple states including California. Both Blue Raven Solar and EnergyAid serve the same residential solar homeowner segment with installation and service offerings, making them direct competitors for new installations in shared markets.

Regional players

  • Solar Optimum: Solar Optimum is a California-based residential and commercial solar installer and service provider operating primarily in Southern California. Both companies are headquartered in the same region, target the same residential solar homeowner segment, and offer installation plus maintenance services, making them direct regional competitors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

EnergyAid social profiles

Digital presence

EnergyAid compliance and trust

Trust signal

Compliance3 records

EnergyAid financial estimates

Financial estimate

Revenue estimate

Valuation estimate

EnergyAid leadership team

Management profile

Number of profiles

EnergyAid funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

EnergyAid M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EnergyAid

What does EnergyAid do?

No supported information available in the input.

Is EnergyAid a public or private company?

EnergyAid is a private company. It is classified as unknown and is currently operating.

When was EnergyAid founded?

EnergyAid was founded in 2012. It employs 11 to 50 people.

Where is EnergyAid based?

EnergyAid is headquartered in Santa Ana, United States, in the North America region.

How does EnergyAid make money?

Four revenue lines are on record. Service and Repair Fees are the primary driver. The others are membership Subscriptions, new Installations and real Estate Inspection Services.

Who are EnergyAid's main competitors?

Broad incumbents on record are Sunrun, Tesla Energy, Sunnova Energy and SunPower (restructured). Direct peers are Palmetto Solar, Momentum Solar, Trinity Solar, ADT Solar and Blue Raven Solar. Solar Optimum is listed as a regional player.

Does EnergyAid have an API?

No public API is recorded for EnergyAid.

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Live signals
Investing.comOtovo Q2 2026 slides: AI platform drives margin gains, guidance raised By Investing.comOtovo ASA reported Q2 2026 results highlighting a strategic pivot to an AI-driven energy services model, driven by its Endurance® platform and the acquisition of California-based EnergyAid. The company raised its full-year guidance, projecting annualized run-rate revenue of $105–$115 million and positive adjusted EBITDA in Q3, while significantly improving field services margins through automation.SecSEC FORM DEnergyaid Inc., a Delaware corporation based in Santa Ana, California, filed a Form D notice with the SEC on March 18-20, 2026, for an exempt equity offering of $200,000 under Rule 506(b). The offering, which has already completed with all $200,000 sold to 1 investor, requires a minimum investment of $200,000 from outside investors and has no sales commissions or finder's fees.American City Business JournalsOtovo to acquire EnergyAid, launches joint venture in EuropeOtovo, a company founded by Houston entrepreneur John Berger, is expanding its operations in the U.S. and Europe through the acquisition of EnergyAid and the launch of a joint venture. The article details these strategic moves but provides no further specific financial or operational details due to subscription restrictions. This represents an early-stage corporate expansion strategy for the newly formed entity.Pulse 2.0Otovo: $16.6 Million Secured To Fund EnergyAid Acquisition And Accelerate Global ExpansionOtovo raised about $16.6 million via a private placement to fund its acquisition of EnergyAid and expand its home energy services platform. The funds will also support OEM partnerships and a potential U.S. dual listing. EnergyAid, a solar service provider, has served about 60,000 homes and generated $18.7 million in 2025 revenue.Pulse 2.0Otovo: $10 Million Acquisition Of Residential Solar Service Provider EnergyAid To Expand U.S. PresenceOtovo has announced a letter of intent to acquire EnergyAid, a residential solar service and repair provider operating in California, Arizona, and Nevada, for approximately $10 million in enterprise value. EnergyAid, founded in 2012 and headquartered in Santa Ana, California, has completed service jobs for approximately 60,000 homes, maintains around 8,000 active customers, and generated roughly $18.7 million in total revenue in 2025, representing a 20 percent increase year-over-year. The acquisition will expand Otovo's U.S. footprint across three key solar markets while converting EnergyAid's customer base to Otovo's subscription service model, with positive contributions to net income expected beginning in 2026.POWER MagazineOtovo Secures $16.6-Million Private Placement to Fund EnergyAid AcquisitionOtovo, an AI-native energy service provider, has successfully completed a private placement raising approximately $16.6 million through the issuance of about 14.0 million new shares, with participation from Encompass Capital Advisors, Franklin Templeton, and Electron. The proceeds will primarily fund Otovo's acquisition of EnergyAid Inc., a residential solar service and repair provider operating in California, Arizona, and Nevada, which generated approximately $18.7 million in revenue in 2025, up 20% from 2024, with about 8,000 active customers and 2,800 subscription members. The company may also use funds to support a joint venture with Green Panel for European OEM service initiatives and is evaluating a potential U.S. dual listing alongside its Euronext Oslo Børs listing.YahooOtovo Secures $16.6-Million Private Placement to Fund EnergyAid AcquisitionOtovo, an AI-native energy service provider, has successfully completed a private placement raising approximately $16.6 million through the issuance of about 14.0 million new shares, with participation from Encompass Capital Advisors LLC, Franklin Templeton, and Electron. The net proceeds will primarily fund Otovo's acquisition of EnergyAid Inc., a residential solar service and repair provider operating in California, Arizona, and Nevada, which generated about $18.7 million in total revenue in 2025, up 20% from 2024. Additional uses of proceeds include supporting major OEM partnership initiatives in Europe through a joint venture with Green Panel, preparatory work for a potential U.S. dual listing, and general corporate purposes.Investing.comOtovo raises $16.6m to fund EnergyAid acquisition By Investing.comOtovo completed a private placement raising approximately $16.6 million through the issuance of 14.0 million new shares to fund its previously announced acquisition of EnergyAid Inc., a residential solar service and repair provider. The acquisition values EnergyAid at approximately $10 million; EnergyAid operates in California, Arizona, and Nevada with roughly 8,000 active customers and generated $18.7 million in revenue in 2025. Otovo is also evaluating a potential U.S. dual listing and exploring OEM partnership initiatives in Europe as part of its broader expansion strategy.StreetinsiderOtovo raises $16.6 million to fund EnergyAid acquisitionOtovo completed a private placement raising approximately NOK 161 million ($16.6 million) through the issuance of 14.0 million new shares at NOK 11.50 per share, with participation from new and existing investors including Encompass Capital Advisors LLC, Franklin Templeton, and Electron. The net proceeds will fund Otovo's acquisition of EnergyAid Inc., a residential solar service and repair provider operating in California, Arizona, and Nevada, which generated approximately $18.7 million in revenue in 2025 with roughly 8,000 active customers and 2,800 subscription members. The company is also evaluating a potential dual listing in the United States in addition to its current listing on Euronext Oslo Børs.MorningstarOtovo Secures $16.6 Million Private Placement to Fund EnergyAid Acquisition and Accelerate Global ScaleOtovo (Euronext Oslo Børs: OTOVO) completed a private placement raising approximately NOK 161 million (~$16.6 million) through the issuance of 14 million new shares at NOK 11.50 per share, with participation from Encompass Capital, Franklin Templeton, and Electron. The net proceeds will fund Otovo's acquisition of EnergyAid Inc., a residential solar service and repair provider in California, Arizona, and Nevada, and support European OEM partnership initiatives including a recently announced joint venture with Green Panel. EnergyAid generated approximately $18.7 million in revenue in 2025, up 20% from 2024, with approximately 8,000 active customers and 2,800 subscription members.