In the past week, a stock offering took place at the Tel Aviv Stock Exchange for Blade Ranger, a company specializing in cleaning solutions for solar panels. Among the attendees was the successful singer Omer Adam, who had a compelling reason to be there.
The company managed to raise a sum that Walla Celebs can only dream of—NIS 6.4 million—in a stock offering with warrants. According to a report in Globes, Omer Adam contributed significantly to Blade Ranger's fundraising by purchasing 10% of the offering, equivalent to NIS 650,000.
Despite the confidence implied by this investment, the stock's current value on the exchange is considered low and unstable, but this might change once the news spreads.
Blade Ranger, managed by Oded Prachtman, currently has a market value of approximately NIS 30 million, significantly lower than its peak value in January 2021, which was about NIS 262 million. The company's stock has plummeted by 98% since that peak.
Despite the decline, Blade Ranger has introduced new software developments for monitoring and cleaning dirty solar panels to improve efficiency.
Additionally, the company recently merged with another company, Propeller Drones. Under their distribution agreement, Blade Ranger will be entitled to 30% of the gross revenues that Propeller generates from using their solar panel washing system. The condition is that Propeller will be the exclusive marketer of the system in Israel. This isn't expected to be an issue, as Propeller is one of the most well-known drone service companies in Israel.
The merger between Solar Drone and Blade Ranger greatly facilitated the recent agreement, as Solar Drone developed a special drone charger designed for cleaning panels in complex areas.