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Home » Finance » Otovo ASA Secures $40.4 Million in Equity Funding for Home Solar Expansion
Finance

Otovo ASA Secures $40.4 Million in Equity Funding for Home Solar Expansion

By Philip BrooksNovember 14, 20231 Min Read
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Credit: Otovo
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Norwegian home solar and battery storage installation marketplace, Otovo ASA, has successfully raised NOK 450 million (USD 40.4m/EUR 37.9m) in equity funding from existing shareholders, signaling a strategic move for growth capital and general corporate purposes. The funding round was spearheaded by Norwegian utility A Energi, formerly Agder Energi, in collaboration with Swedish family-owned firm

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