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Solar panels become less effective as time passes by. There are various factors that affect the degradation speed and rate of solar panels. Some of them are related to manufacturing while others are connected to weather, installation, or maintenance of the solar system.

The lead investor for the round is BayWa r.e. AG, a group of 20,000 employees operating in more than 50 countries. The investment round was supported by EdgeCap Partners, and Estonian entrepreneurs Taavet Hinrikus and Sten Tamkivi.