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 Mar 31, 2026, the latest employee count at ZOLA Electric is 573.

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 3030 active competitors, of which 91 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

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 3030 active competitors

Employee Count

573 as on Mar 31, 2026

Similar Companies

Ecoflow & 4053 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	2454472	Conventional Debt	4980862	4480358	8179706	6540663
Sep 23, 2021	7169238	Series E	1534608	4506915	5224936	DBL Partners & 3 more
Sep 23, 2021	8829685	Conventional Debt	3794539	3093791	1460492	1414250

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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 573 employees as of Mar 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	77/100
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	62/100
4th	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	62/100
5th	ZOLA Electric 2011, Amsterdam (Netherlands), Series E	Provider of solar installation and upgradation services for rural customers	$158M	IFC, Helios & 29 others	61/100
6th	Maxeon Solar Technologies 2020, Singapore (Singapore), Public	Manufacturer of solar panels and energy solutions for various customers	$200M	Total, Tianjin Zhonghuan Semiconductor	61/100
7th	Australian Premium Solar 2013, Ahmedabad (India), Public	Manufacturer of solar panels and other renewable energy products	-	-	59/100
8th	Sigenergy 2020, Shanghai (China), Unfunded	Provider of cutting-edge home and business energy solutions	-	-	57/100
9th	Sahaj Solar 2010, Ahmedabad (India), Public	Manufacturer of mono and poly crystalline PV modules, solar pumps, and solar street lights	$682K	Hammconsultancy, Svar Family Trust & 9 others	57/100
10th	Naked Energy 2009, Crawley (United Kingdom), Series B	Provider of heat decarbonization solutions	$41.9M	E.ON, Nesta Impact Investments & 35 others	57/100