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ZOLA Electric
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Provider of smart storage and solar power solutions for remote energy access

Founded in 2011
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Company type Private Public ()
Company type

Industry Group energy & power

Sector solar

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Netherlands Amsterdam, Netherlands
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Updated by William Dwyer at ZOLA Electric on 03/12/2019

Edited by Cleantech Group on 11/07/2022

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Date Partner Type
11/14/2016
EDF Group EDF Group
This joint venture will take the preliminary form of a partnership – ZECI – in Ivory Coast, with the objective of delivering power to about 2 million citizens by 2020. The partnership involves outfitting and maintaining solar kits for countryside and peri-urban homes. Each kit consists of solar panels, which are simple to install and batteries for storing power.
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Confirmed by EDF Group
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Date Investors Type Amount
09/24/2021 TotalEnergies Ventures TotalEnergies Ventures , DBL Partners DBL Partners , Helios Investment Partners Helios Investment Partners , Vulcan Capital Vulcan Capital , Electron Capital Partners Electron Capital Partners (5)
Post-money valuation of
Equity portion of the $90 million round. Funding will be used to improve product development and commercial efforts.
Series B $45,000,000
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PAYGo Solar Home Systems

ZOLA’s innovations in distributed renewable energy and smart power solutions are changing the way people generate, store and access power, anywhere. Fair “Pay As You Go” finance, which converts upfront capital cost to accessible monthly payments, ensures our power systems are accessible, affordable and adaptable to energy need and budget.

Wide Commercial Availability Service - Fixed Price
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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