SOLA - About the company
SOLA is a series B company based in Cape Town (South Africa), founded in 2008 by Dom Wills. It operates as a Renewable energy company specializing in solar PV installation and providing global employment solutions for tech teams. SOLA has raised $26.2M in funding. The company has 131 active competitors, including 4 funded and 1 that has exited. Its top competitors include companies like ARNERGY, SolarWorks and Grid Africa.
Company Details
SOLA is an energy company based in South Africa that specializes in solar PV installation. They offer renewable energy solutions and have expertise in executive search and global employment for tech teams. SOLA focuses on providing affordable and clean energy for Africa's future.
- Website
- solagroup.co.za
- Social
Key Metrics
Founded Year
2008
Location
Cape Town, South Africa
Stage
Series B
Total Funding
$26.2M in 1 round
Latest Funding Round
Ranked
2nd among 131 active competitors
Employee Count
113 as on Aug 31, 2026
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SOLA's funding and investors
SOLA has raised a total funding of $26.2M over 1 round.
Here is the list of recent funding rounds of SOLA:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 12, 2019 | 3093236 | Series B | 5107540 | 7219505 | 1640649 | 1012607 |
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SOLA's founders and board of directors
Founder? Claim ProfileThe founders of SOLA is Dom Wills.
Here are the details of SOLA's key team members:
- Dom Wills: Co-Founder of SOLA. Contact Info: 1 email address
- Dominic Wills: CEO of SOLA.
View details of SOLA's Founder profiles and Board Members
SOLA's employee count trend
SOLA has 113 employees as of Aug 26. Here is SOLA's employee count trend over the years:
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SOLA's Competitors and alternates
Top competitors of SOLA include ARNERGY, SolarWorks and Grid Africa. Here is the list of Top 10 competitors of SOLA, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of solar power solutions for residential and commercial | $30M | 44/100 | ||
2nd |  SOLA 2008, Cape Town (South Africa), Series B | Renewable energy company specializing in solar PV installation and providing global employment solutions for tech teams | $26.2M | - | 44/100 |
3rd |  SolarWorks 2007, Cape Town (South Africa), Series A | Manufacturer of pay-as-you-go solar energy products | $2.3M | 39/100 | |
4th | Grid Africa 2015, Johannesburg (South Africa), Seed | Provider of custom solar energy solutions for commercial and industrial clients | $2.8M | 36/100 | |
5th |  115 Solutions Johannesburg (South Africa), Unfunded | Engineering consulting services provider specializing in electrical contracting, renewable energy, control and instrumentation | - | - | 26/100 |
6th |  Rhino Energy Solutions 2007, Sandton (South Africa), Unfunded | Provider of solar energy solutions for commercial | - | - | 26/100 |
7th | SEM Solutions 1997, South Africa, Unfunded | Provider of solar energy services | - | - | 26/100 |
8th |  Green Wave Group 2009, Johannesburg (South Africa), Unfunded | Provider of building management systems, solar energy, and smart metering | - | - | 26/100 |
9th | Rubicon 1986, Cape Town (South Africa), Unfunded | Provider of solar services for commercial & residential | - | - | 25/100 |
10th |  Elek Energy 2007, South Africa, Unfunded | Provider of renewable energy solutions, specializing in solar, battery, and containerized systems | - | - | 24/100 |
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SOLA's Investments and acquisitions
SOLA has made no investments or acquisitions yet.
Reports related to SOLA
Here is the latest report on SOLA's sector:
News related to SOLA
Media has covered SOLA for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Envision to Supply 660MWh Battery Storage for South Africa's Largest Private Hybrid Power ProjectEnergy-Storage•Jun 29, 2026•Envision Energy, SOLA
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