When was Oolu founded?

Oolu was founded in 2014 and raised its 1st funding round 1 year after it was founded.

Where is Oolu located?

Oolu is headquartered in Dakar, Senegal.

How many employees does Oolu have?

As of Sep 30, 2026, the latest employee count at Oolu is 138.

Is Oolu a funded company?

Oolu is a funded company, having raised a total of $11.8M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Aug 12, 2015.

When was the latest funding round of Oolu?

Oolu's latest funding was a $***** Series B round on Dec 14, 2020, with participation from 5 investors.

Where does Oolu rank among its competitors?

Oolu ranks 52nd amongst 592 active competitors, of which 53 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was OMC Power, which secured $17.3M in Mar, 2026.

Who are the top competitors of Oolu?

Oolu's top competitors include NextEra Energy, Husk Power Systems and Solstice. Among them, OMC Power secured the most recent funding round in March, 2026.

Oolu - 2026 Company Profile, Team, Funding & Competitors

Oolu is an acquired company based in Dakar (Senegal), founded in 2014 by Nilmi Senaratna and Daniel Rosa. It operates as a Solar electrification in rural africa. Oolu has raised $11.8M in funding from RP Global and Persistent. The company has 592 active competitors, including 53 funded and 77 that have exited. Its top competitors include companies like NextEra Energy, Husk Power Systems and Solstice.

Company Details

Oolu offers in-home solar system (in rural West Africa) which is 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. The company also offers lighting and phone charging services to off-grid villages of africa.

Website: oolusolar.com
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Key Metrics

Founded Year

2014

Location

Dakar, Senegal

Stage

Acquired

Total Funding

$11.8M in 4 rounds

Latest Funding Round

Series B, Dec 14, 2020, $*****

Investors

RP Global & 8 more

Ranked

52^nd among 592 active competitors

Employee Count

138 as on Sep 30, 2026

Similar Companies

Husk Power Systems & 57 more

Exit Details

Acquired by Ignite Power (Apr 30, 2024)

View Oolu's full profile

Oolu got acquired by Ignite Power on Apr 30, 2024.

Click here to take a look at Oolu's acquisition in detail

Oolu has raised a total funding of $11.8M over 4 rounds. Its first funding round was on Aug 12, 2015. Its latest funding round was a Series B round on Dec 14, 2020 for $*****. 5 investors participated in its latest round. Oolu has 9 institutional investors.

Here is the list of recent funding rounds of Oolu:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2020	1591136	Series B	6817682	7276343	1188252	7449294
Jul 09, 2018	2955260	Series B	6854305	6305334	1849324	Gaia Impact
Oct 09, 2017	3399831	Series A	4780593	2972026	Persistent	Y Combinator & 1 more

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View details of Oolu's funding rounds and investors

The founders of Oolu are Nilmi Senaratna and Daniel Rosa.

Here are the details of Oolu's key team members:

Nilmi Senaratna: Co-Founder of Oolu.
Daniel Rosa: Co-Founder & CEO of Oolu.

View details of Oolu's Founder profiles and Board Members

Oolu's employee count trend

Oolu has 138 employees as of Sep 26. Here is Oolu's employee count trend over the years:

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Top competitors of Oolu include NextEra Energy, Husk Power Systems and Solstice. Here is the list of Top 10 competitors of Oolu, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NextEra Energy 1925, Juno Beach (United States), Public	Developer of energy solutions	-	Alcor Fund, Wider Sky & 5 others	78/100
2nd	Husk Power Systems 2008, Fort Collins (United States), Series D	AI-powered distributed energy platform delivering clean, reliable power in Global South	$74.3M	Shell, STOA & 18 others	77/100
3rd	Solstice 2016, Boston (United States), Acquired	Community solar provider unlocking clean energy access and savings for all	$7.44M	Elemental, Masscec & 24 others	70/100
4th	Exelon 2000, Chicago (United States), Public	Provider of energy services with an electric and natural gas distribution	-	Ideocolab, OSTI & 1 others	69/100
5th	Ameren 1902, St. Louis (United States), Public	Provider of electricity and natural gas through solar energy	-	Marshall Wace, OSTI	67/100
6th	SMA Solar Technology 1981, Kassel (Germany), Public	Offers solar services to homes and industries	-	Europa	67/100
7th	OMC Power 2011, Gurugram (India), Series C	Micro-Grid power generation	$82.6M	Iiieros, Chubu Electric Power & 20 others	66/100
8th	Sunseap 2011, Singapore (Singapore), Acquired	Solar rooftop installation	$239M	Goldman Sachs, Temasek & 52 others	66/100
9th	Amarenco 2013, Cork (Ireland), Series D	Producer of independent solar power	$523M	IDIA Capital Investissement, Tikehau Capital ... & 6 others	65/100
10th	Cleantech Solar 2014, Singapore (Singapore), Acquired	Provider of solar power producer on distributed scale	-	Shell, SBI & 40 others	65/100
52nd	Oolu 2014, Dakar (Senegal), Acquired	Solar electrification in rural africa	$11.8M	Fifty Years, Investo & 7 others	46/100