Oolu
Latest round
- Series B
Last raised
- Dec 2020
Total raised
- $12M
Investors
- 7
About Oolu
Based in Dakar, Senegal, and founded in 2015 by Daniel Rosa and Nilmi Senaratna, Oolu LLC operates as a developer of an off-grid solar electric power for rural households and villages in West Africa. The company also offers payment online. The company's offerings include setting up a distribution model and payment infrastructure. Oolu has more than 250 full-time employees and is run by a Dakar-based management team. Winner of the Hogan Lovells Solar Innovation Award in 2017. Oolu’s solar home system is composed of three adjustable lights and two USB plugs, powered by a battery that holds a charge for up to six hours with maximum output. For a low monthly fee, Oolu will install the system and perform all necessary maintenance, including free battery replacements and system upgrades, it offers technical support and energy maintenance services.2 million in 2017. The company has been able to save families an average of 60 percent on total energy spending. The company has sold more than 60,000 solar home systems (SHS) across West Africa. Oolu will use the investment to expand its core product offering to meet the needs of its customers and further develop its operations in West Africa.
Who invested in Oolu
7 investors across 4 rounds
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Questions about Oolu
Who invested in Oolu?
Oolu has 7 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Oolu raised?
Oolu has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Oolu last raise money?
Oolu's most recent round on record is a Series B, in Dec 2020.
What does Oolu do?
Based in Dakar, Senegal, and founded in 2015 by Daniel Rosa and Nilmi Senaratna, Oolu LLC operates as a developer of an off-grid solar electric power for rural households and villages in West Africa.
Where is Oolu headquartered?
Oolu is headquartered in Dakar, Senegal.
Which VCs invest in companies like Oolu?
Among active investors with capital left to deploy, WestBridge Capital Partners, Persistent Energy Capital, Norrsken22 and 4DX Ventures back renewable energy companies at Oolu's stage. Their profiles are linked below.
VCs backing renewable energy startups at Series B
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