Stark Power has raised 215 million New Israeli Shekels on the Tel Aviv Stock Exchange at a post-money valuation of 580 million New Israeli Shekels. The company, founded by former senior executives from leading renewable energy firms, secured the funding from a group of institutional investors in exchange for a 40 percent stake, with additional options that could increase their holdings to nearly half of the company in the coming years.

The capital raise follows the signing of Stark Power’s first agreement to build an electricity generation facility combined with a data center in the United States. The company said the funds will support the initiation and development of renewable energy and data center infrastructure projects, targeting markets with growing demand for available renewable electricity.

Company leadership described the fundraising as a strong vote of confidence from major institutional investors and said it would enable the firm to advance its strategy of integrating power generation with data infrastructure while maintaining founding shareholders’ core control.