Oolu

Oolu is one of the fastest growing off grid energy companies in West Africa

General Information
Company Name
Oolu
Founded Year
2015
Location (Offices)
Senegal +1
Founders / Decision Makers
Number of Employees
168
Industries
Energy, Financial Services, Renewable Energy
Funding Stage
Debt Financing
Social Media

Oolu - Company Profile

Oolu is a rapidly growing off-grid energy company in West Africa, with a mission to provide high-quality, affordable solar products to off-grid households. Established in 2015 by Nilmi Senaratna and Dan Rosa, and incubated in Y Combinator, Oolu offers pay-as-you-go solar kits that power various in-home devices. Its services include maintenance, free battery replacements, and system upgrades, all for a low monthly fee paid through mobile money. The company targets the 150 million people living off-grid in West Africa, striving to provide sustainable energy and financial services. Leveraging business solutions, Oolu offers high-quality products, local-language customer service, and market-adapted finance plans to rural communities. The recent $300.00K Debt Financing investment on 01 September 2022 by Energise Africa underscores its growth trajectory. Oolu's focus on energy access and financial inclusion aligns with the region's needs, positioning it for regional expansion and product innovation. More information on Oolu can be found on its website, oolusolar.com, as well as on its social media platforms including Facebook, Twitter, and LinkedIn. With its commitment to creating opportunities for off-grid communities, Oolu proves to be an impactful player in the Energy, Financial Services, and Renewable Energy industries, while being headquartered in Senegal.

Taxonomy: Off-grid energy, Pay-as-you-go solar, Renewable energy, Energy access, Financial inclusion, Sustainable development, Rural electrification, Off-grid communities, Y Combinator alumni, West Africa, Solar energy, Mobile money, Energy poverty, Market-adapted finance, Innovation

Funding Rounds & Investors of Oolu (6)

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Funding Stage Amount No. Investors Investors Date
Debt Financing $300.00K 1 01 Sep 2022
Debt Financing €2.50M 1 Beyond the Grid 12 Apr 2022
Series B $8.50M 4 Persistent Energy Partners, All On 15 Dec 2020
Series B Unknown 1 09 Jul 2018
Series A $3.20M 2 Persistent 09 Oct 2017

View All 6 Funding Rounds

Latest News of Oolu

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No recent news or press coverage available for Oolu.

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