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Oolu logo — Oolu is one of the fastest growing off grid energy companies...

Oolu

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

Founded 2015 Senegal Senegal 168 employees Debt Financing Total: $14.50M Energy, Financial Services +1

General Information

Company Name Oolu
Founded Year 2015
Location Senegal Senegal
Employees 168
Industries Energy, Financial Services, Renewable Energy
Funding Stage Debt Financing
Social

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About Oolu

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.

Business keywords: 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 (6)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $300.00K 1
Energise Africa
Energise Africa
01 Sep 2022
Debt Financing €2.50M 1
Beyond the Grid
12 Apr 2022
Series B $8.50M 4
Gaia Impact Fund RP Global
Gaia Impact Fund, RP Global +2
15 Dec 2020
Series B Undisclosed 1
Gaia Impact Fund
Gaia Impact Fund
09 Jul 2018
Series A $3.20M 2
Y Combinator
Y Combinator, Persistent
09 Oct 2017
Seed Round Undisclosed 3
Y Combinator 50Y Investo
Y Combinator, 50Y +1
18 Aug 2015

Oolu Alternatives & Competitors

View All Alternatives
Oolu vs
Easy Solar
Easy Solar Sierra Leone

Powering People

Debt Financing
172 employees
Energy, Financial Services
Oolu vs
Soluna Energía
Soluna Energía Colombia

The next-gen solar utility for off-grid communities

Venture round
6 employees
Energy, Renewable Energy
Oolu vs
DC Go
DC Go South Africa

Providing accessible & affordable energy service; utilising innovative solar DC micro-grids; to conn...

8 employees
Financial Services, Renewable Energy
Also compare with: Oolu vs Jaza Jaza Oolu vs Azuri Technologies Azuri Technologies Oolu vs Pawame Pawame View all alternatives

FAQ About Oolu

Oolu is one of the fastest growing off grid energy companies in West Africa
Oolu was founded in 2015.
Oolu is headquartered in Senegal.
Oolu operates in Energy, Financial Services and Renewable Energy. Its work centres on Off-grid energy, Pay-as-you-go solar, Renewable energy and Energy access.
Oolu has approximately 168 employees.
Oolu has completed 6 funding rounds, raising a total of $14.50M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Oolu include Easy Solar, Soluna Energía, DC Go, Jaza, Azuri Technologies. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Oolu and Easy Solar 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 Oolu, https://bouncewatch.com/company/oolu, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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