When was ZOLA Electric founded?

ZOLA Electric was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Where is ZOLA Electric located?

ZOLA Electric is headquartered in Amsterdam, Netherlands.

How many employees does ZOLA Electric have?

As of Apr 30, 2026, the latest employee count at ZOLA Electric is 569.

Is ZOLA Electric a funded company?

ZOLA Electric is a funded company, having raised a total of $158M across 13 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Mar 21, 2014.

When was the latest funding round of ZOLA Electric?

ZOLA Electric's latest funding was a $***** Conventional Debt round on Sep 18, 2024, with participation from 1 investor.

Where does ZOLA Electric rank among its competitors?

ZOLA Electric ranks 5th amongst 3058 active competitors, of which 92 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Silver Pumps & Motors, which secured $24.5M in May, 2025.

Who are the top competitors of ZOLA Electric?

ZOLA Electric's top competitors include d light, Ecoflow and Goal Zero. Among them, Silver Pumps & Motors secured the most recent funding round in May, 2025.

ZOLA Electric - 2026 Company Profile, Team, Funding & Competitors

ZOLA Electric is a series E company based in Amsterdam (Netherlands), founded in 2011 by Xavier Helgesen. It operates as a Provider of solar installation and upgradation services for rural customers. ZOLA Electric has raised $158M in funding from investors like SolarCity, Helios and Vulcan Capital. The company has 3058 active competitors, including 92 funded and 113 that have exited. Its top competitors include companies like d light, Ecoflow and Goal Zero.

Company Details

Zola Electric offers solar installation and upgradation services for rural areas in Africa. Has a proprietary software platform, Surge, that claims to offer personalized services for customers. Services include engineering, installation, financing, commissioning and others. Specializes in Pay-As-You-Go systems.

Website: zolaelectric.com
Social
Email ID: *****@offgrid-electric.com

Key Metrics

Founded Year

2011

Location

Amsterdam, Netherlands

Stage

Series E

Total Funding

$158M in 13 rounds

Latest Funding Round

Conventional Debt, Sep 18, 2024, $*****

Investors

SolarCity & 30 more

Ranked

5^th among 3058 active competitors

Employee Count

569 as on Apr 30, 2026

Similar Companies

Ecoflow & 4076 more

View ZOLA Electric's full profile

ZOLA Electric has raised a total funding of $158M over 13 rounds. Its first funding round was on Mar 21, 2014. Its latest funding round was a Conventional Debt round on Sep 18, 2024 for $*****. 1 investor participated in its latest round. ZOLA Electric has 31 institutional investors.

Here is the list of recent funding rounds of ZOLA Electric:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 18, 2024	5042295	Conventional Debt	9628032	1969359	4491526	2960989
Sep 23, 2021	2060841	Series E	7191954	2384320	5364618	DBL Partners & 3 more
Sep 23, 2021	9880854	Conventional Debt	1796961	6785548	1412474	1811981

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View details of ZOLA Electric's funding rounds and investors

The founders of ZOLA Electric is Xavier Helgesen.

Here are the details of ZOLA Electric's key team members:

Xavier Helgesen: Co-Founder & President of ZOLA Electric and founder of 2 other companies, Snowball and Enduring Ventures. They are also an angel investor in 1 startup.
Contact Info: 2 email addresses

View details of ZOLA Electric's Founder profiles and Board Members

ZOLA Electric's employee count trend

ZOLA Electric has 569 employees as of Apr 26. Here is ZOLA Electric's employee count trend over the years:

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Top competitors of ZOLA Electric include d light, Ecoflow and Goal Zero. Here is the list of Top 10 competitors of ZOLA Electric, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	d light 2004, Nairobi (Kenya), Series E	Provider of affordable solar energy solutions and financing. This company offers solar home systems, inverters, and appliances designed for off-grid communities. It also provides accessible financing options, such as PayGo, to expand access to clean energy. The company focuses on last-mile delivery to reach underserved areas and employs innovative product designs. Its offerings aim to improve lives by fostering education, health, and economic opportunity.	$118M	Omidyar Network, Inspired Evolution & 38 others	76/100
2nd	Ecoflow 2017, San Jose (United States), Series B	Provider of portable power stations, solar generators, and home backup systems	$104M	HSG, Shenzhen Huitong Financial Holding Fund Investment ... & 11 others	73/100
3rd	Goal Zero 2010, Salt Lake City (United States), Acquired	Manufacturer of portable power stations, solar generators, and home backup systems	$13.4M	Mercato Partners, Sorenson Capital & 3 others	61/100
4th	Sigenergy 2020, Shanghai (China), Public	Provider of cutting-edge home and business energy solutions	-	-	60/100
5th	ZOLA Electric 2011, Amsterdam (Netherlands), Series E	Provider of solar installation and upgradation services for rural customers	$158M	Western Technology Investment, Helios & 29 others	60/100
6th	Maxeon Solar Technologies 2020, Singapore (Singapore), Public	Manufacturer of solar panels and energy solutions for various customers	$200M	Total, Tianjin Zhonghuan Semiconductor	59/100
7th	Australian Premium Solar 2013, Ahmedabad (India), Public	Manufacturer of solar panels and other renewable energy products	-	-	59/100
8th	Eni Plenitude 2021, San Donato Milanese (Italy), Late Stage	Manufacturer of solar powered products	-	Energy Income Partners, Energy Infrastructure Partners ... & 1 others	59/100
9th	Silver Pumps & Motors 1981, Rajkot (India), Series C	Manufacturer of diverse electrical products, agricultural equipment, and solar solutions	$125M	Middlepath Advisors, Emerald Path & 28 others	58/100
10th	Sahaj Solar 2010, Ahmedabad (India), Public	Manufacturer of solar modules and renewable energy systems	$682K	Hammconsultancy, Svar Family Trust & 9 others	58/100