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AFRICA: Oolu obtains 8.5 M$ for the distribution of solar home systems


December 28 2020
/ Modified on
December 28 2020
Solar home systems supplier Oolu has just raised 8.5 million dollars for the distribution of its electricity access equipment in West Africa. The funds were obtained from RP Global, All On, Persistent Energy Capital, Gaia Impact Fund and DPI Energy Venture.
It’s a gamble won for Oolu. The solar home systems provider is raising $8.5 million in a Class B fund raising to bring its electricity access solution to West Africa. The funds were raised from several investors, including RP Global, All On, Persistent Energy Capital, Gaia Impact Fund and DPI Energy Venture.
In rural and peri-urban areas of West Africa, the company, founded in 2015, distributes kits consisting of a solar panel and storage capacity to enable households to have electricity after dark. Its system also has terminals for recharging mobile phones. ....

Burkina Faso , Energy Venture , Persistent Energy Capital , Gaia Impact Fund , West Africa , புர்கினா ஃபாஸொ , ஆற்றல் துணிகர , தொடர்ந்து ஆற்றல் மூலதனம் , கியா தாக்கம் நிதி ,