Zola Electric
Energy Equality for All
San Francisco, United States · Founded 2011 · $138.0M raised
- Headquarters
- San Francisco, California
- Employees
- 201–500
- Founded
- 2011
- Business Model
- B2C
- Website
- zolaintelligence.com
- Total Funding
- $138.0M
- Last Round
- $90.0M Growth EquitySep 2021
- Rounds
- 5
About
Zola Electric (now operating as ZOLA Intelligence) is a clean energy technology company founded in 2011 by Xavier Helgesen, Erica Mackey, and Joshua Pierce, originally as Off Grid Electric in Tanzania, to bring affordable solar-powered electricity to off-grid homes across Africa. The company pioneered the 'Pay As You Go' financing model that allowed low-income customers to access solar power without large upfront costs, scaling to electrify over one million people across Rwanda, Ivory Coast, Tanzania, Nigeria, and Ghana. In 2025, Zola Electric rebranded as ZOLA Intelligence, evolving from a hardware-centric solar provider into an AI-powered technology platform that equips energy-as-a-service providers with end-to-end software for operations, delivery, financing, and maintenance — addressing energy inequality for billions of people in emerging markets.
Summary
Zola Electric is a Climate Tech company based in San Francisco, United States, founded in 2011. It has raised $138.0M in total across 5 rounds, most recently a $90.0M Growth Equity round in Sep 2021. Investors include GE Ventures, FMO and Total Energy Ventures.
Tech & App Stack
2 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Sign up to view the funding chart
Create a free account with 25 free credits every month, no card needed, to unlock funding history, valuations, and tech stacks.
Dec 2023
Sign up to see all 7 rounds
Seed through Debt Financing — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
Leading North American energy infrastructure platform.
Green steel company using hydrogen and renewable electricity to decarbonize steel production. For...
Self-driving cars.
Sustainable infrastructure finance
MIT spinout developing compact fusion energy plants using high-temperature superconducting magnet...
American electric vehicle manufacturer producing luxury EVs including the Lucid Air sedan and Gra...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/zola-electric"><img src="https://indexed.vc/api/badge/company/zola-electric" alt="Zola Electric on Indexed.vc" width="260" height="76" /></a>