O
Oolu
Fastest growing off-grid solar company West Africa
About Oolu
Oolu Solar operates in the renewable energy sector, focusing on providing affordable and reliable solar energy solutions to off-grid communities in West Africa. The company primarily serves rural households and small businesses that lack access to conventional electricity grids. Oolu's business model revolves around the sale and distribution of solar home systems, which include solar panels, batteries, and energy-efficient appliances. These systems are offered on a Pay-As-You-Go (PayG) basis, allowing customers to make small, manageable payments over time, often through mobile money platforms. This model not only makes solar energy accessible but also financially viable for low-income households.
Oolu generates revenue through the sale of its solar products and the ongoing payments from its PayG customers. The company also engages in strategic partnerships with NGOs, governments, and private sector players to expand its reach and impact. By leveraging technology and innovative financing solutions, Oolu aims to bridge the energy gap in underserved regions, contributing to economic development and environmental sustainability.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2015
- Headquarters
- Dakar, Senegal
- Employees
- 139
- Open positions
- None listed
- Dealroom signal
- 60.0/100
- Industry
- Energy
- Sub-industry
- Clean Energy, Energy Providers
- Sector
- Energy, Solar Energy, Sustainable Development Goals, Climate Tech, Renewable Energy, Hard Tech, Woman Founder, YC S15, Natural Resources
- Business model
- Manufacturing
- Client focus
- b2c
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Apr 2024 | $0 | — | Ignite Power | ↗ |
| DEBT✓Debt | Apr 2022 | $2.8M | — | Beyond the Grid | ↗ |
Growth signals
Latest recorded traffic for Oolu is 950 monthly website visits, up 37.7% over the last three months. Oolu's team declined 14.7% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
Series A5 investors entered at this stage
Persistent
RP Global
GAIA impact fund
All On- DVDPI Energy Ventures
Series B and later1 investor entered at this stage
- BGBeyond the Grid
Other known investors4 additional known investors
Ignite Power
Fifty Years
Investo
Technology Pioneers | World Economic Forum
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Oolu on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Oolu’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.