O
Oolu
Energy · Dakar, Senegal · Founded 2015
Fastest growing off-grid solar company West Africa MoreLess
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.
Keywords: solar energy, off-grid, West Africa, Pay-As-You-Go, renewable energy, rural electrification, mobile money, sustainable development, energy access, solar home systems.
Company overview
Oolu company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2015
- Headquarters
- Dakar, Senegal
- Employees
- 139
- Open positions
- None listed
- Dealroom signal
- 60.0
Valuation & funding
Oolu 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 | ↗ |
| SERIES B✓Equity / VC | Dec 2020 | $8.5M | $34M | GAIA impact fund · Persistent · All On · DPI Energy Ventures | — |
| SERIES A✓Equity / VC | Oct 2017 | $3.2M | $13M | Persistent | — |
| SEED✓Equity / VC | Aug 2015 | $0 | — | Undisclosed | — |
| SEED✓Equity / VC | Jan 2015 | Y Combinator | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 139 |
| 2025 | 163 |
| 2024 | 177 |
| 2023 | 185 |
| 2022 | 200 |
Growth signals
Oolu website traffic
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.
Comparisons
Oolu compared with similar companies
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Talent graph
Oolu's talent
Source: Dealroom Talent Intelligence.
Investors
11 investors on Oolu's cap table
Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.
Global footprint
Where Oolu has talent and traffic
team presence
In the news
Latest news about Oolu
Recent press, funding announcements, and product moves mentioning Oolu — open to read from the original sources.
Market sentiment
What the market is saying about Oolu
An AI-synthesized read of the highest-engagement posts about Oolu on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
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
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