Presentation

Otovo, founded in 2016, delivers a digital marketplace for residential solar photovoltaics (PV) systems. Through a user-friendly interface, potential customer can enter their address and obtain suggested composition and price for solar installations on their own rooftops. Furthermore, the platform matches the homeowner with the lowest bidder among Otovo’s extensive network of local, reliable solar installers. Otovo is the fastest growing residential solar marketplace in Europe and the first with a continental presence. It has rapidly scaled its platform and is currently present in 13 different countries across Europe. Furthermore, it is EBITDA positive in three of the countries and aims to reach profitability in all remaining countries by 2024. Otovo sold ~10k solar installations in 2022 and targets to reach a run rate of 80-90k annual installations by 2025.

Otovo was listed on Euronext Growth in February 2021 and intends to uplist to Oslo Stock Exchange in February 2023.