DPI has invested in Oolu, a leading solar distributor in West Africa, to expand its clean energy offerings, enhancing energy access for thousands in the region.
Information on the Target
Oolu is a premier solar energy distributor in West Africa, established in 2015, and is committed to providing sustainable energy solutions to the region. The company has successfully installed over 60,000 solar home systems, significantly improving energy access for thousands of families.
With a workforce of more than 250 full-time employees, Oolu is notable for its diverse management team based in Dakar, with women constituting 50% of its leadership. This focus on gender equality enhances its engagement within the local community and supports its mission to promote clean energy across the region.
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Industry Overview in West Africa
The demand for reliable and affordable energy sources in West Africa remains critical, as many regions continue to face challenges related to electricity dist
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DPI
invested in
Oolu
in 2024
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $9M