Oolu
Oolu, headquartered in Dakar, Senegal, is a key player in the energy sector, specializing in PAYG solar technology across West Africa. Founded in 2015, the company has expanded its operations to six countries, focusing on providing affordable and sustainable energy solutions.
Company Overview
Oolu, headquartered in Dakar, Senegal, operates within the Industrials sector, specifically in the Energy sub-industry. The company focuses on providing innovative energy solutions to enhance the lives of their customers, communities, and the planet. Oolu is active in six countries across West Africa and prioritizes clean and affordable energy for citizens in these regions. The firm's mission is to make high-quality solar energy accessible through affordable financing plans.
Founders
Oolu was founded in 2015 by Nilmi Senaratna and Daniel Rosa. The duo established the company to address energy access challenges in West Africa. Under their leadership, Oolu has grown to become a leader in deploying PAYG solar technology in the region.
Products and Services
Oolu offers high-quality solar products through an affordable financing plan. Their product lineup is designed to provide reliable energy solutions that are both sustainable and cost-effective. Oolu also prides itself on after-sales support, including warranty-backed replacement parts and customer service representatives who speak local languages to better serve their diverse customer base.
Funding and Investment
Oolu has successfully secured significant investment to fuel its growth. In 2021, the company raised $8.5 million in Series B funding led by RP Global. This round brought the total financing raised by Oolu to over $14 million. These funds have been pivotal in scaling their operations and expanding their reach within West Africa.
Team and Distribution
Oolu's team consists of 230 members, with over 90% of them being West African staff, reflecting the company’s commitment to local employment. They have developed one of the strongest distribution networks in Africa, ensuring comprehensive reach and service delivery in the regions they operate in.