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.
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