Solbotix was established in 2021 to address an emerging global need for automated solar panel dry cleaning solutions. Most future solar projects will be large utility scale in arid areas, where excessive dust and soil can lead to significant revenue losses for solar project operators. The estimated revenue pool for these solutions is expected to reach $500 mil by 2025 and $3bn by 2030, as additional new solar photovoltaic (PV) capacity will grow rapidly, in response to increasing demand for renewable energy.
Solbotix is a member of the Elvan Group, which comprises Elvan, producers of cable trays since the 80s, and Elvan Solar, specializing in design and production of PV mounting systems that are used in solar panel installations. In 2021, Elvan Solar produced and delivered fixed PV mounting structures for more than 200 MW’s. The Elvan Group revenue has achieved a CAGR of more than 30% from 2015 to 2021 to an estimated €17 mil in 2021.