Featured in Nothing cheaper under the sun – 01-2021

Smarter robots to step up to service

On Dec. 1, Tel-Aviv based robotic cleaning provider Ecoppia launched an initial public offering on the Tel Aviv Stock Exchange. In doing so, the seven-year-old solar startup raised $83.8 million from public and institutional investors – although heavily slated toward the latter. Jean Scemama, who joined Ecoppia as CEO in April 2020, says the IPO will allow it to double down on R&D efforts and expand into the provision of services.

By

Jonathan Gifford

15 Jan 2021

Image: Ecoppia

Ecoppia reported more than $220 million of interest in the share price offered, but instead, the company accepted less than half of that in investment. What would you say is the significance in the level of interest in the IPO?I think it connects to the way the market for robotic cleaning has started to mature. …

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