Otovo USA launches with $4m initial funding, eyes nationwide expansion

Otovo USA, founded by Otovo ASA board member John Berger, has launched in Texas with over $4 million in initial funding led by EIC Rose Rock. This new venture operates independently under a licensed Otovo brand, focusing on AI-driven home energy services for solar and storage systems via its proprietary Endurance AI platform. Otovo ASA holds no ownership in Otovo USA.

Otovo USA aims to simplify home energy management by integrating retail, service, and trading into one solution. Its Endurance™ platform monitors and optimizes various home energy assets, including solar, batteries, and EV chargers, ensuring reliable and cost-effective power. The service is now available in Texas, with plans for nationwide expansion.

According to Andreas Thorsheim, founder of Otovo, the Endurance™ platform, offering AI-driven care, builds on Otovo's decade of experience in European solar markets. George Coyle of EIC highlighted that Otovo USA’s innovative AI-based service model will transform the residential solar and home power services industry.