# Nomadd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nomadd

- Industry: Renewable Energy
- Headquarters: Thuwal, Saudi Arabia
- Website: www.nomaddesertsolar.com
- Total disclosed funding: $1.2M
- Latest round: Series A (Jun 3, 2016)
- Investors on record: 1

## About

Nomadd specializes in advanced cleaning solutions for the solar energy sector, focusing on robotic systems designed to maintain photovoltaic panels effectively and sustainably, ensuring maximum energy efficiency.Founded in 2012 and headquartered in Thuwal, Saudi Arabia, Nomadd focuses on developing innovative solutions for the solar energy market. The company has completed 4 deals, with their most recent funding round being a Series B in November 2018, where they raised USD 5.00 mn. The founders include Jos Van Der Hyden, Sebastien Russo, and Unurbayar Jargalsaikhan, with Georg Eitelhuber serving as CEO.Nomadd specializes in innovative cleaning solutions tailored primarily for the solar energy sector. Their core product offerings include a robotic cleaning system designed to efficiently maintain photovoltaic panels, ensuring optimal energy output while minimizing water usage. This technology addresses the challenges posed by dirt and debris accumulation on solar panels, which can significantly reduce their efficiency. Nomadd's products are utilized by solar farm operators and energy companies across various geographical markets, including regions with high solar energy production such as the Southwestern United States, parts of Australia, and the Middle East. The company's cleaning solutions serve both large-scale solar installations and smaller residential systems, catering to a diverse client base that prioritizes sustainability and operational efficiency.Nomadd generates revenue through a combination of direct sales and service contracts associated with their robotic cleaning systems. Clients typically engage in a partnership model, wherein they purchase the cleaning technology and may opt for ongoing maintenance and support services. The transaction structure involves one-time capital expenditures for the initial purchase of the cleaning equipment, followed by recurring revenue streams from service agreements that ensure optimal performance of the robots. Pricing plans for the flagship robotic cleaning systems are structured to accommodate both large enterprise clients and smaller operators, reflecting the scale and frequency of use in different operational environments. This dual approach to revenue generation facilitates a steady income stream while allowing clients to maximize their solar panel efficiency through Nomadd’s advanced cleaning solutions.In November 2018, Nomadd raised USD 5.00 mn in Series B funding from new investor CEPCO. The company plans to utilize this funding to promote their current project stream and expand its business. Nomadd aims to enhance its product offerings and strategically enhance its market presence, exploring potential expansions into untapped geographic regions in the upcoming years.

## Funding rounds

- Series A, Jun 3, 2016, $1M — KAUST Innovation Ventures
- Seed, Feb 1, 2012, $0.2M — KAUST Innovation Ventures

## Investors

- KAUST Innovation Ventures (https://capitalatlas.ai/funds/kaust-innovation-ventures) — Seed, Series A