Oolu acquired $3.2 million to invest its operations in Senegal and Mali
Post date: 11/10/2017 - 18:08
Senegalese solar startup and off-grid company Oolu has secured a funding of $3.2 million to support its growth and strategy. The new funding round was led by Persistent Energy Capital (PEC), and was joined by Y Combinator (YC) and other seed investors. Oolu will use the money to further invest in its current operations in Senegal and Mali, and expand into a third market in 2018.
Founded in 2015, Oolu provides in-home solar kits composed of three adjustable lights and two USB plugs, powered by a battery that holds a charge for up to six hours with maximum output. For a low monthly fee Oolu installs the system and performs any necessary maintenance, including free battery replacements and system upgrades.