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Founded Year

2011

Stage

Incubator/Accelerator | Alive

Total Raised

$273M

About Zola Electric

Zola Electric is a scalable off-grid electric company. The company provides clean, affordable, and transformative energy directly to households and its offerings include ZOLA Infinity, ZOLA Flex Max, ZOLA Flex, ZOLA Vision, and more. Zola Electric was formerly known as Off Grid Electric. It was founded in 2011 and is based in Amsterdam, Netherlands.

Headquarters Location

Kleine-Gartmanplantsoen 21 1017 RP

Amsterdam, 1017 RP,

Netherlands

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ESPs containing Zola Electric

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Industrials / Energy Tech

The micro-grid/off-grid providers market specializes in delivering decentralized energy solutions, focusing on renewable sources like solar, biomass, and organic waste. These providers offer custom microgrid setups that cater to specific environmental and energy efficiency goals, promoting sustainable development through advanced solar power generation and home automation technologies. They play a…

Zola Electric named as Highflier among 15 other companies, including Yotta, Zendure, and Mainspring Energy.

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Research containing Zola Electric

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Zola Electric in 4 CB Insights research briefs, most recently on Sep 12, 2023.

Expert Collections containing Zola Electric

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Zola Electric is included in 2 Expert Collections, including Renewable Energy.

R

Renewable Energy

4,443 items

Companies in the Renewable Energy space, including solar, wind, hydro, geothermal, and nuclear energy providers, as well as related software developers.

G

Grid and Utility

1,816 items

Companies that are developing and implementing new technologies to optimize the grid and utility sector. This includes, but is not limited to, distributed energy resources, infrastructure security, utility asset management, grid inspection, energy efficiency, grid storage, etc.

Zola Electric Patents

Zola Electric has filed 4 patents.

The 3 most popular patent topics include:

  • diagrams
  • electric power distribution
  • electrical engineering
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/15/2019

5/4/2021

Graphical projections, Technical drawing, Roadsters, Light machine guns, Cephalopod zootomy

Grant

Application Date

11/15/2019

Grant Date

5/4/2021

Title

Related Topics

Graphical projections, Technical drawing, Roadsters, Light machine guns, Cephalopod zootomy

Status

Grant

Latest Zola Electric News

Fintech innovation is bringing universal electricity within sight

Jul 4, 2023

Image: ZOLA Electric Share As we get closer to the COP28 climate change summit, in the UAE, discussions are once again intensifying about how we can limit global warming. Finding a global solution that is equitable for emerging nations and which drives energy access for the 80 countries that suffer from energy inequality and lack affordable, reliable, and clean energy is mission critical. The way forward is complex and lies in developing and scaling three “services” simultaneously: technology, integration, and finance. Bill Lenihan. Image: ZOLA Electric Many emerging markets have ambitious plans. For example, Egypt is aiming for 42% of its energy to come from renewables by 2035, South Africa has targeted 18 GW of renewables generation capacity by 2030, and Nigeria is targeting 30% renewables this decade. Many countries are falling short, however, on the progress required to achieve the UN’s goal of providing universal access to sustainable energy for all within seven-and-a-half years. A key reason is lack of investment in both the necessary technology and in building out the network architecture needed to deploy reliable clean energy networks. One doesn’t just drop a smart battery and solar array into Lebanon and solve the problem. Integration infrastructure such as sales, installation, and service must be coupled with great technology and low-cost finance for end users. This infrastructure takes time, leadership, and money to scale, and we are very early in the evolution of that infrastructure. Specialization Until recently, most pioneering solar energy providers – solar home system companies including Zola Electric, Sun King, Mkopa and others – had to build full-stack operations across technology, integration, and finance all at once. As the industry scaled, this attracted other players into the sector that were able to bring specialization, accelerating the growth and maturity of the industry. One of the main challenges in many emerging markets is reliable access to a central grid. Over the last decade we have seen great progress in distributed energy innovation. We’ve seen the emergence of enterprise technology and hybrid hardware and software solutions enter the market and take distributed energy in emerging markets to the next level. We have seen companies small and large, across all energy-access markets tackle distribution and integration. Recent examples include Total in Nigeria, EDF in Ivory Coast, Econet in South Africa, Haiti Green Solutions, WaHa in Lebanon, and TEPNG in Papua New Guinea. While there is still more to be done on the technology and integration fronts, finance and investment have today become the biggest impediment to rapid scale. This is where the world must focus, as the capital required to secure renewable energy access for emerging markets is typically found outside the nations adopting such technology. Energy access If we are to deliver a distributed energy solution to drive energy access – and I believe that is the only way we will overcome our energy challenge in emerging markets – the question becomes “how can we best finance that?” Part of the answer is through raising awareness of the immense opportunities available to deploy capital. It has been proven over the last decade that good credit is available to those who need it, even among the most vulnerable. That has been a considerable economic enabler and it is the same reason why energy credit in developed markets is so strong, and has been for a century. Historically, energy credit was provided through local banks and other finance institutions. Emerging markets, though, lack the capital and sophistication to underwrite trillion-dollar needs. In recent years, however, fintech (financial technology) companies have started to build a digital pipe between investors and borrowers such that distribution and underwriting can be solved much more efficiently. Popular content Technology remains the key enabler to integration and finance. It is what will ensure clean, affordable, and reliable energy remains an irresistible proposition to end users and investors. The arrival of new technology is set to transform the energy sector in emerging markets. Take the internet of things as an example. It is the hardware backbone of distributed energy, providing a vital digitally connected framework which enables intelligence and control that can be optimized through machine learning. The potential dividends of mass data aggregation, interpretation, and – ultimately – decision making are huge. This ecosystem can help predict energy demand, optimize energy distribution, and automate energy management – providing huge efficiency gains that can drive down energy costs. Technology platform As an example, at Zola Electric we are proud to be pioneering an enterprise technology platform that combines hardware and software in a distributed architecture that fills the white space in the clean energy landscape. Our systems help to replace expensive, polluting energy sources such as diesel or kerosene, driving forward the energy transition while delivering energy access and affordability where it is most needed. Put together, such flexibility and reliability are a game changer. The scale of the problem in emerging markets can be quantified. More than 3 billion people and hundreds of millions of schools, clinics, and businesses across 80 countries lack access to reliable, affordable, and clean energy. We are committed to developing solutions that not only address energy inequality but do so without compromising sustainability. Previously, there was a choice to be made between reliable, low-cost supply, and sustainable solutions. We can demonstrate that choice no longer exists – irrespective of location. It is now possible to truly make an impact while addressing climate change. Governments are committed to meeting their sustainable-development and climate goals. Expectations are higher than ever concerning the reliability and cost structure of revenue streams. The investment to develop and install the necessary infrastructure should follow. By doing things differently, we are solving one of the world's great problems and sending a powerful message that sustainable development goals can be met across the world. About the author: Bill Lenihan oversees engineering, commercial operations, finance, and corporate development as CEO of Zola Electric, which he joined in 2015. He has worked in operations and private equity with Goldman Sachs, Bain & Company; Calera Capital, where he was MD; and as executive VP of international operations at Switch Lighting. He holds a BA cum laude in business and economics from UCLA and an MBA from the Wharton School of the University of Pennsylvania with a dual degree in strategic management and finance. The views and opinions expressed in this article are the author’s own, and do not necessarily reflect those held by pv magazine. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com . Share Δ By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so. You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled. Further information on data privacy can be found in our Data Protection Policy . Newsletter

Zola Electric Frequently Asked Questions (FAQ)

  • When was Zola Electric founded?

    Zola Electric was founded in 2011.

  • Where is Zola Electric's headquarters?

    Zola Electric's headquarters is located at Kleine-Gartmanplantsoen 21 1017 RP, Amsterdam.

  • What is Zola Electric's latest funding round?

    Zola Electric's latest funding round is Incubator/Accelerator.

  • How much did Zola Electric raise?

    Zola Electric raised a total of $273M.

  • Who are the investors of Zola Electric?

    Investors of Zola Electric include African Unicorns, Helios Investment Partners, Cercano Management, TotalEnergies Ventures, FMO and 17 more.

  • Who are Zola Electric's competitors?

    Competitors of Zola Electric include Okra.

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Compare Zola Electric to Competitors

M
Mesh Power

Mesh Power is a company focused on providing clean energy solutions through solar powered nanogrids and smart metering systems in the renewable energy sector. They offer affordable electricity to communities without access to energy by utilizing a pay-as-you-go service model that does not require customers to purchase their own equipment or enter into expensive contracts. Mesh Power primarily serves communities that are off the electricity grid, aiming to enhance livelihoods and contribute to sustainable development. It is based in Kigali, Rwanda.

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SOLshare

SOLshare is a climate-tech company operating in the renewable energy sector. The company provides technology and services for peer-to-peer microgrid connections, commercial and industrial solar rooftop services, and smart electric three-wheeler technology. SOLshare primarily serves vulnerable communities, aiming to improve access to energy and income. It was founded in 2015 and is based in Dhaka, Bangladesh.

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New Sun Road

New Sun Road is a public benefit company. It develops data-driven IoT technology solutions for solar-based power systems that help reduce operating costs and improve control and visibility. The company was founded in 2014 and is based in Richmond, California.

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PowerBlock

PowerBlock is a sporting goods manufacturing company. The company offers products such as dumbbells, expansions, kettle bells, stands, gear, and benches. It specializes in home gyms, commercial facilities, storage solutions, and adjustable fitness equipment. It was founded in 1993 and is based in Burnsville, Minnesota.

O
Okra

Okra develops hardware and software solutions designed to commercialize solar-based power to developing markets. Its software enables solar panels and batteries to be connected to microgrids, providing remote households with access to electricity. The company was founded in 2016 and is based in Sydney, Australia.

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