Airtouch Solar Ltd
ARTS.TA
Tel Aviv Stock Exchange31.30
ILA
+0.90
- -
Airtouch Solar Ltd
ARTS.TA
(Tel Aviv Stock Exchange)
Recent
price
31.30
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Airtouch Solar Ltd Airtouch Solar Ltd (ARTS.TA) develops, manufactures, markets, operates, and maintains autonomous water-free robotic cleaning solutions for utility-scale photovoltaic solar power plants worldwide. The company offers advanced linear robots such as the AT 4.0 model, which utilize patented wind-blowing technology, microfiber dust wipers, and automatic self-cleaning features to remove heavy dust particles without water usage; these systems support cleaning distances up to 2,000 meters per charge, integrate AI for operational efficiency, and adapt to various solar field layouts including trackers. Airtouch Solar targets solar developers and operators in arid, dusty regions to boost energy yield by up to 30 percent, reduce soiling losses by up to 3 percent through daily automated cycles, and minimize operational costs and water consumption, with capabilities serving plants exceeding 3 GWp in commissioned capacity and over 3.5 GWp in backlog orders. Founded in 2016 and headquartered in Bet Shemesh, Israel, with its R&D center there and main production facility via wholly-owned subsidiary Airtouch Solar India Pvt. Ltd. in Noida, India (established August 2021), the company conducts primary operations in Israel and India while serving global markets. Recent developments include a significant repeat order in October 2024 from Juniper Green Energy for robotic cleaning installation at a Rajasthan solar PV site; a USD 6 million contract earlier in 2024 with Adani Green Energy Ltd. for systems in Rajasthan plants; and a US$8.5 million deal in 2023 with ReNew Power for AT 4.0 robots, following a prior 2021 agreement, alongside receipt of the REI 2023 Product Innovation Award for its solutions.