Oolu

Senegal
Dakar, Dakar, Senegal

Company profile

Oolu company profile

Oolu is the fastest growing off-grid solar company West Africa. Our Vision is to be the leading energy and financial service provider to millions of customers in the developing world. Our model, developed with local communities, allows us to reach off-grid households in rural villages offering them modern energy access. With a monthly payment model reducing barriers to access, as well as maintenance, parts and battery replacements included in our service, we save our clients money and assure them a continuous, dependable source of energy. In Wolof, a national language of Senegal, Oolu means ‘trust’. By building trust with the communities in which we work, we can grow together.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
101-250 employees
Revenue range
$1M-$10M
Founded
2015-01-01, Year

Headquarters

Country code
SN
Continent
Africa

Capital profile

Funding and company signals

Funding stage
M And A
Funding rounds
6
Total equity funding
$11.7M
Last funding
Debt Financing / $300,000 / 2022-09-01
Last equity funding
Series B / $8.5M
Investors
10
Lead investors
4
Founders
2
Articles
12
Exited on
2024-04-25

Founders and investors

Founders

Daniel RosaNilmi Senaratna

Lead investors

Beyond the GridGAIA Impact FundPersistentRP Global

Investors

Fifty YearsInvestoPersistent Energy PartnersRP GlobalY Combinator