Otovo rents out solar panels and inverters at a fixed monthly cost, which includes all repairs and maintenance.
It also offers the option to purchase the panels outright.
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But even though solar panels are comparatively cheap, they still present a significant upfront cost.
Otovos rent-to-buyoptionlooks to flatten this financial barrier.
This latest raise brings Otovos total funding to231mn, according toCrunchbasedata.
The company went public in 2021 after listing on the Euronext Growth stock exchange.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
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