Okra Solar
Latest round
- Series A
Last raised
- Mar 2023
Total raised
- $9.4M
Investors
- 15
About Okra Solar
Okra Solar Pty Ltd.Founded in 2016 and headquartered in North Rocks, Australia, Okra Solar specializes in decentralized energy distribution systems.Okra Solar specializes in mesh-grid technology designed to enhance energy access in underserved regions, specifically targeting off-grid electrification needs in Sub-Saharan Africa. Their core offerings include a proprietary mesh-grid system that allows for decentralized energy distribution, enabling efficient and cost-effective delivery of clean energy to households. The technology has been instrumental in electrifying rural communities, notably in Ondo State, Nigeria, where it has successfully empowered numerous households, including previously unserved areas like Abababubu and Igbobini. Okra's customer base primarily consists of local energy providers and organizations focused on rural electrification, with a strong emphasis on social impact.Okra Solar's revenue model is primarily structured around partnerships with local entities and stakeholders in the energy sector, facilitating B2B transactions that enhance rural electrification projects. These partnerships enable the deployment of their mesh-grid technology, where local energy providers can offer Okra's solutions to end users, including households in remote communities. The firm’s transactions typically involve direct sales of their mesh-grid systems and associated services, fostering a sustainable revenue stream through recurring service agreements. While specific pricing plans for their products are not disclosed, the company emphasizes a scalable model that is accessible to a wide range of users, from small community-based providers to larger organizations focused on energy access initiatives.In September 2023, Okra Solar Pty Ltd. The company plans to expand its services further into Sub-Saharan Africa, targeting additional regions that currently lack reliable access to electricity. Specific timelines for these expansions have yet to be detailed, but the firm is actively working on plans to introduce additional features to their technology, ensuring it meets the evolving needs of underserved communities.
Who invested in Okra Solar
15 investors across 2 rounds
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Questions about Okra Solar
Who invested in Okra Solar?
Okra Solar has 15 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Okra Solar raised?
Okra Solar has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Okra Solar last raise money?
Okra Solar's most recent round on record is a Series A, in Mar 2023.
What does Okra Solar do?
Okra Solar is a renewable energy company.
Where is Okra Solar headquartered?
Okra Solar is headquartered in North Rocks, Australia.
Which VCs invest in companies like Okra Solar?
Among active investors with capital left to deploy, Blackbird, AirTree Ventures, Square Peg and Immutable Ventures back renewable energy companies at Okra Solar's stage. Their profiles are linked below.
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