Who is Oolu solar?

Oolu was one of the first firms to successfully scale PAYG solar technology in the West African market. The company has grown from start-up to market leader in Senegal, Mali, Burkina Faso and Niger with operations in Nigeria. In 2021, the company raised US $8.5 M in series B funding led by RP Global, an Austrian-based energy investor.

Why should you choose Oolu solar home systems?

Oolu’s solar home systems provide households with brighter, more efficient lights and in-home chargers at a small fraction of their standard monthly energy expenditure. We replace dim, low-quality flashlights and lamps with the best technology available.

How much money has Oolu solar raised?

So far, Oolu Solar has raised a total of $11.7 million. West Africa has a staggering number of over 150 million people who lack access to electricity, and the global shift to cleaner energy has made the region a huge market for solar energy companies.

Who invested in Oolu?

Oolu, a Senegalese-based solar energy startup, has raised $8.5 million in Series B equity investment. The round was led by independent renewable energy developer, RP Global. Other investors that participated include Persistent Energy Capital (PEC), Shell-seeded impact investor All On, Gaia Impact Fund, and DPI Energy Ventures.

Who is Oolu?

Oolu is a venture-backed company with a social mission. We build trust with our clients to have a lasting impact in our communities. Our impact focus is on energy access, education, access to information and job creation.

Who owns Oolu electricity?

The round is part of culminating funding that started in 2017 with a $3.2 million Series A investment led by PEC. Oolu was founded in 2015 by Daniel Rosa and Nilmi Senaratna to provide affordable electricity for the underserved using a pay-as-you-go business model.