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OnePower logo — company profile

OnePower

Founded 2015 Lesotho Lesotho 53 employees Venture round Total: $44.00M Energy, Renewable Energy +2

General Information

Company Name OnePower
Founded Year 2015
Location Lesotho Lesotho
Employees 53
Industries Energy, Renewable Energy, Sustainability +1
Funding Stage Venture round
Social

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About OnePower

OnePower is an energy startup and a social business founded in 2015 in Lesotho with a mission to bring electricity to underserved communities across Africa. They provide affordable and reliable electricity services to off-grid villages, giving families, schools, health clinics, and local businesses the opportunity to thrive. OnePower was incubated in 2015 by STG International, a non-profit based in Cambridge, MA that spun-off from the Massachusetts Institute of Technology in 2007. STG International has been working on energy access globally for more than 10 years, with funding from a wide variety of sources including the World Bank and the United Nations Development Programme, and partnerships across sectors and governmental ministries in Lesotho, Benin, and soon new markets. The last investment in OnePower was Debt Financing investment received on 01 December 2021, with funding from EDFI ElectriFI. OnePower's focus on energy, renewable energy, sustainability, and clean energy aligns with the growing demand for environmentally friendly and socially responsible investments in the energy sector. As they continue to expand into new markets, their proven track record and support from reputable sources position them well for future growth and impact.

Business keywords: Energy access, Social business, Electricity services, Off-grid villages, Minigrids, Renewable energy, Sustainable development, Social impact, Community empowerment, Non-profit organization, STG International, STG Incubator, Partnerships, Engineering design

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round €44.00M 1
EDFI ElectriFI
EDFI ElectriFI
01 Dec 2021
Debt Financing Undisclosed 1
EDFI ElectriFI
EDFI ElectriFI
01 Dec 2021
Venture Round Undisclosed 1
EEP Africa
EEP Africa
01 Jan 2021
Grant Undisclosed 1
United States Agency for International Development
08 Jul 2020

OnePower Alternatives & Competitors

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OnePower vs
Oolu
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OnePower vs
EDF upOwa
EDF upOwa Cameroon

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OnePower vs
WASSHA Inc.
WASSHA Inc. Japan

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FAQ About OnePower

OnePower is an energy startup and a social business founded in Lesotho with a mission to bring electricity to underserved communities across Africa. We provide affordable and reliable electricity services to off-grid villages, giving families, schools, health clinics, and local businesses the opport...
OnePower was founded in 2015.
OnePower is headquartered in Lesotho.
OnePower operates in Energy, Renewable Energy, Sustainability and Clean Energy. Its work centres on Energy access, Social business, Electricity services and Off-grid villages.
OnePower has approximately 53 employees.
OnePower has completed 4 funding rounds, raising a total of $44.00M. The latest funding stage is Venture round.
Top alternatives and competitors to OnePower include Oolu, EDF upOwa, WASSHA Inc., Som Energia, BRIGHT Products. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
OnePower and Oolu are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for OnePower, https://bouncewatch.com/company/onepower, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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