Off Grid Electric Expands Footprint in Africa with EDF Partnership

Off Grid Elec­tric , a rooftop solar provider with head­quar­ters in Tan­za­nia, is expand­ing. Off Grid Elec­tric and EDFwill grow their part­ner­ship in West Africa by offer­ing off-grid solar solu­tions to house­holds in Ghana. In Africa, Off Grid Elec­tric  is known by its con­sumer brand Zola. To sup­port con­tin­ued expan­sion and new prod­uct devel­op­ment, Off Grid Elec­tric has secured $55 mil­lion in Series D funding.

The company’s Series D fund­ing was led by Helios Invest­ment Part­ners, with sup­port from GE Ven­tures, the ven­ture cap­i­tal sub­sidiary of Gen­er­al Elec­tric. Helios is one of the few inde­pen­dent pan-African pri­vate invest­ment firms found­ed and led by Africans, and has built a rep­u­ta­tion as a part­ner of choice on the con­ti­nent with suc­cess­ful invest­ments across sec­tors and geographies.

“We are excit­ed to work close­ly with Helios and GE Ven­tures to accel­er­ate our next stage of growth. They join a ros­ter of strate­gic and cap­i­tal part­ners that is already the strongest in the indus­try, includ­ing Tes­la, Total, EDF, DBL Part­ners, Zouk Cap­i­tal, Vul­can Cap­i­tal, and Omid­yar Net­work,” said Bill Leni­han, Pres­i­dent, Off Grid Electric.

To read the full arti­cle, vis­it Renew­able Ener­gy Mag­a­zine.