When was Otovo founded?

Otovo was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is Otovo located?

Otovo is headquartered in Oslo, Norway. It is registered at Torggata 5 0181 OSLO.

Who is the current CEO of Otovo?

Andreas Thorsheim of Otovo. They have also founded 1 company.

How many employees does Otovo have?

As of Sep 30, 2026, the latest employee count at Otovo is 245.

Is Otovo a funded company?

Otovo is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Apr 2016.

When was the latest funding round of Otovo?

Otovo's latest funding was a $***** Post IPO round on Jul 09, 2026, with participation from 0 investor.

What is the annual revenue of Otovo?

Annual revenue of Otovo is between $100M and $500M as on Dec 31, 2023

Where does Otovo rank among its competitors?

Otovo ranks 5th amongst 373 active competitors, of which 18 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Otovo, which secured $7.25M in Jul, 2026.

Who are the top competitors of Otovo?

Otovo's top competitors include Hanwha, SINTEF and Astronergy. Among them, Otovo secured the most recent funding round in July, 2026.

Otovo - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Otovo is a marketplace that makes it easy for homeowners to get solar panels on their roofs. They organize a network of local, high-quality energy providers, allowing homeowners to save money and contribute to the environment.

Website: www.otovo.com/
Social
Registered Address: Torggata 5 0181 OSLO

Key Metrics

Founded Year

2016

Location

Oslo, Norway

Stage

Public

Latest Funding Round

Post IPO, Jul 09, 2026, $*****

Investors

Axel Johnson & 8 more

Ranked

5^th among 373 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2023

Employee Count

245 as on Sep 30, 2026

Investment & Acquisitions

Green Panel

Similar Companies

Hanwha & 421 more

Exit Details

Public

View Otovo's full profile

Otovo is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
OTOVO AS CIN: 915501680 , Norway, Active		-	-
Otovo AS CIN: 915501680 , United States, Active	May 31, 2015	$100M - $500M (As on Dec 31, 2023)	149 (As on Dec 31, 2021)	-

Otovo got listed on May 07, 2021.

Click here to take a look at Otovo's IPO in detail

Otovo has raised funding over 6 rounds. Its first funding round was on Apr 2016. Otovo has 9 institutional investors.

Here is the list of recent funding rounds of Otovo:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 09, 2026	5423382	Post IPO	3226205	9627226	6632491	9225760
Mar 02, 2026	4355121	Post IPO	1763185	7472560	5286072	3973003
Sep 08, 2025	3825555	Post IPO	2008167	2392498	EIC Rose Rock	2229901

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View details of Otovo's funding rounds and investors

The founders of Otovo are Simen Fure Jorgensen and Andreas Thorsheim. Andreas Thorsheim is the CEO of Otovo.

Here are the details of Otovo's key team members:

Simen Fure Jorgensen: Co-Founder of Otovo.
Contact Info: 1 email address
Andreas Thorsheim: Co-Founder & CEO of Otovo and founder of 2 other companies, Otovo and Otovo.

View details of Otovo's Founder profiles and Board Members

Otovo's employee count trend

Otovo has 245 employees as of Sep 26. Here is Otovo's employee count trend over the years:

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Top competitors of Otovo include Hanwha, SINTEF and Astronergy. Here is the list of Top 10 competitors of Otovo, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hanwha 1952, Seoul (South Korea), Public	Manufacturer of solar cells, modules, and other related components	-	SJL Partners, STIC Investments & 1 others	61/100
2nd	SINTEF 1950, Trondheim (Norway), Public	Provider of applied research, technology, and innovation services across multiple sectors	-	Europa	58/100
3rd	Astronergy 2006, Haining (China), Series C	Manufacturer of high efficiency crystalline silicon photovoltaic cells and modules	$328M	China Life Insurance, Bank of Communications ... & 12 others	58/100
4th	JA Solar 2005, Shanghai (China), Public	Provider of solar photovoltaic module components	-	KAILAI Investments, China Minsheng Bank & 1 others	55/100
5th	Otovo 2016, Oslo (Norway), Public	Marketplace for residential solar panels	-	KLP, Nysno & 7 others	53/100
6th	GCL Technology Holdings 2006, Suzhou (China), Public	Manufacturer of poly silicon and wafers products	$710M	Trustbridge Partners, Infini Capital Management ... & 8 others	51/100
7th	Holosolis 2022, Paris (France), Series A	Manufacturer of photovoltaic cells and modules for renewable energy production	$255M	Heraeus Group, Armor-Group & 5 others	48/100
8th	Redren Energy 2005, Morbi (India), Unfunded	Manufacturer of solar PV modules and solar water heaters	-	-	48/100
9th	HIUV 2009, Shanghai (China), Funding Raised	Manufacturers of encapsulating films for PV modules	-	Yixing Capital, Cowin Capital & 3 others	46/100
10th	Vishakha 2012, Ahmedabad (India), Unfunded	Multinational conglomerate operating across six industry verticals, including flexible packaging, industrial material handling, solar renewables, drip irrigation and pipes	-	-	45/100