Ecoppia Gets $40 Mn Strategic Investment From CIM Group
- Ecoppia, the pioneer and globe leader in robotic remedies for PV solar, has actually announced a USD 40 million tactical financial investment in the firm by CIM Group.
Ecoppia, the leader and also globe leader in robot remedies for photovoltaic solar tools, has announced a USD 40 million strategic financial investment in the company by CIM Group. The investment has actually made CIM currently the biggest financier in Ecoppia, and the investment additionally strengthens Ecoppia's placement as a leader in its area
CIM is an experienced as well as famous US-based actual properties owner, driver, loan provider, and programmer with more than USD 60 billion in framework as well as realty jobs delivered over its 25-plus year history.
The solar power field distinctively calls for suppliers to meet strict standards of financial stability in order to release in big range jobs. With the CIM financial investment, Ecoppia significantly strengthens its balance sheet as well as reduces its price of debt. This brings the company according to expectations of its tier-1 power clients, who include ENGIE, EDF, Fortum, Actis, Brookfield and others.
"This most recent financial investment by CIM Group is a vote of self-confidence from one of the most famous and also sophisticated US financiers," stated Jean Scemama, CEO of Ecoppia. "This resources infusion will certainly permit Ecoppia to continue its geographical development, as an increasing number of areas realize the advantages of moving to robotic cleansing. It will certainly likewise allow us to accelerate our innovative advancements towards completely data-driven, automation-based solar O&M," he concluded.
The business's completely autonomous robotic solutions are released globally in utility-scale sites and have been field-proven to keep solar panels at year-round peak performance while minimizing O&M costs. In spite of the one-of-a-kind obstacles of the recurring COVID-19 pandemic, Ecoppia has secured over 10 GW of new jobs over the last 3 quarters alone, keeping a CAGR of over 200 percent in the past six years.
"Following comprehensive market evaluation and also due persistance, which CIM takes on in its proven investment procedure, we identified Ecoppia as the leading robot gamer in the solar market," stated Jennifer Gandin, Principal, Investments of CIM Group. "We think that Ecoppia will certainly remain to pioneer the automation of the solar sector with its experience and information evaluation capabilities," she included.
