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DateInvestorsAmountRound
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N/A

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N/A

N/A

Seed

$3.2m

Series A

N/A

Series B

$8.5m

Series B
*

€2.5m

Debt
*

N/A

Acquisition
Total FundingCAD16.0m

Recent News about Oolu

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Oolu Solar operates in the renewable energy sector, focusing on providing affordable and reliable solar energy solutions to off-grid communities in West Africa. The company primarily serves rural households and small businesses that lack access to conventional electricity grids. Oolu's business model revolves around the sale and distribution of solar home systems, which include solar panels, batteries, and energy-efficient appliances. These systems are offered on a Pay-As-You-Go (PayG) basis, allowing customers to make small, manageable payments over time, often through mobile money platforms. This model not only makes solar energy accessible but also financially viable for low-income households.

Oolu generates revenue through the sale of its solar products and the ongoing payments from its PayG customers. The company also engages in strategic partnerships with NGOs, governments, and private sector players to expand its reach and impact. By leveraging technology and innovative financing solutions, Oolu aims to bridge the energy gap in underserved regions, contributing to economic development and environmental sustainability.

Keywords: solar energy, off-grid, West Africa, Pay-As-You-Go, renewable energy, rural electrification, mobile money, sustainable development, energy access, solar home systems.

Tech stack

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