Israel's Airtouch Solar In Agreement with ACME Group For Bigger India Push

Mar 23, 2023 11:49 AM ET
  • Airtouch Solar has grown its procedures in India by signing a multi-year deal of close to 4 million USD with India-based ACME Group. The agreement will certainly lead tthe course for the supply as well as maintenance of solar panels cleaning robots.

Airtouch Solar has grown its operations in India by authorizing a multi-year transaction of close to 4 million USD with India-based ACME Group. The agreement will certainly lead tthe path for the supply and also maintenance of Airtouch's solar panel cleaning robots.

ACME is a leading solar programmer in India as well as has actually branched out right into Green Hydrogen and Ammonia. Airtouch Solar offers water-free independent robot cleaning solutions for photovoltaic panels.

Tal Laufer, CEO of Airtouch Solar, claimed, "This substantial manage ACME Group, a leading solar developer in India, represents, in our view, a fantastic expression of confidence in the option offered by Airtouch. Our company believe there is wonderful potential for broadening our collaboration with ACME. The Indian market currently acknowledges the demand to buy robotic remedies for completely dry (water-free) cleaning of the panels in PV solar areas, partly because of the climate crisis as well as the demand for water conservation. Making use of Airtouch's new factory in India, finished in the past year, we are ideally prepared to meet the demand as well as significantly broaden our procedures in India, this while increasing our operations in other markets."

ACME's COO, Sandeep Kashyap included, We are proud to companion with Airtouch solar, a leading water-free robot cleaning solution company. The fostering of robotic cleaning systems will certainly not just assist in conserving water yet will also bring greater efficiency in the cleaning of solar panels. The new system will certainly service ACME solar plant in Rajasthan. We look forward to reaching closer levels of collaboration in numerous tasks with Airtouch in our future jobs.

Under the agreements, Airtouch will certainly get around 1.5 million USD in consideration for the sale as well as installation agreement, and also the 25-year operation as well as maintenance solutions agreement is expected to generate additional revenues in a complete collective amount of virtually 2.5 million USD. ACME has jobs across 12 States and also capex spent and devoted of almost $8 billion. In the past, ACME has carried out transactions with Actis, Petronas, NIIF, Renew, BAML, Brookfield, Piramal, APG and Allianz, among others.

In March 2021, Airtouch completed a going public (IPO) elevating 61 million NIS. The Israeli company runs 2 manufacturing facilities in Israel and also in India. Since day, the firm manufactures and also markets its services and products in Israel and also India, and also is presently taking a look at as well as advertising procedures for getting in new target audience.

Airtouch recently signed an agreement with Hero Future Energies.

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