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ENERGY & UTILITIES | Renewables / Solar
zolaelectric.com

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Founded Year

2012

Stage

Debt - IV | Alive

Total Raised

$273M

Last Raised

$45M | 2 mos ago

About Zola Electric

Zola Electric is a scalable off-grid electric company. The company provides clean, affordable and transformative energy directly to households that lack access to reliable electricity. OGE's solar as a service model removes risk for customers, offering the latest in solar technology for less than or equal to a customer's average energy spend.

Zola Electric Headquarter Location

Kleine-Gartmanplantsoen 21

Amsterdam, 1017 RP,

Netherlands

Latest Zola Electric News

$90 Million Funding for Zola to Scale Technology and Enter New Markets

Oct 20, 2021

October.20.2021 Orrick represented Zola Electric, a leading technology company offering renewable energy solutions designed to provide clean and affordable power, on a $90 million mixed debt refinancing and equity funding. Zola will use the funding to improve product development and expand its offerings to new markets. The equity funding was led by a pool of investors which included TotalEnergies Ventures — a capital venture of TotalEnergies. The debt financing featured, amongst others, top energy lenders FMO and SunFunder, two entities known to provide debt capital to solar companies in emerging markets. With over 1.5 million users, Zola products are used across the African continent, including Ivory Coast, Ghana, Namibia, DRC, South Africa, Zambia and Nigeria. Outside Africa, the company is also present in the U.S., Brazil, Pakistan and the Philippines. It has plans to expand further into Northern Africa, Asia and South America. This was a meaningful transaction spanning several jurisdictions across Africa, Asia, Europe and the U.S., that showcases the strength and synergies between Orrick’s impact finance and investment and renewable energy capabilities. The cross-office, multi-jurisdictional Banking & Finance team was led by partners  Madeleine Horrocks ,  Bill Haft  and Greg Heibel , and included managing associate  Franco Lambiase  and associates  Caterina Volonté  and Kyung Park. Related Lawyers Silicon Valley Gregory Heibel, a partner in the Silicon Valley office, is a member of the Technology Companies Group, which advises emerging and public technology companies, venture capital firms and other technology investors, as well as Orrick’s Energy Group. Greg's practice focuses on the formation, financing and strategic guidance of rapidly growing technology companies, the representation of venture capital firms and other investors in private and public offerings, as well as other complex transactions related to high growth companies. Greg has completed many hundreds of financings, mergers, acquisitions and intellectual property transactions for young companies in the networking, wireless, Internet, software, life sciences and consumer sectors. He regularly advises some of the largest technology companies in the world, including a Fortune 10 technology leader, in their global strategic investments into innovative startups. Additionally, Greg has represented numerous publicly traded companies in their public offering, mergers and acquisitions and ongoing corporate governance needs, including Life360 (ASX:360), Foundry Networks, Virage Networks, Adeza, Laserscope, Intellisync and Preview Systems. Greg also was an Assistant Investment Manager for Genevest, a venture capital firm based in Geneva, Switzerland, where he participated in the first organizational meeting of the European Union World Wide Web Consortium. Prior to practicing law, Greg worked with a number of venture capital backed technology companies in operational and advisory roles, including Intellimeter, eT Communications and Metering Technology Corporation. Related Areas

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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 1 CB Insights research brief, most recently on Oct 18, 2021.

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

3,866 items

Includes companies working on technology to support renewable energy generation.

E

Energy Storage

803 items

This collection includes large and small energy storage technology, from grid-scale molten salt containers to small, thin-film lithium-ion batteries.

Zola Electric Patents

Zola Electric has filed 3 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

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Application Date

11/15/2019

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Grant Date

5/4/2021

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Related Topics

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

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Status

Grant

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Zola Electric Web Traffic

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