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Tag: ZOLA Electric

Zola Electric closes $90M funding round to scale technology and enter new markets
24Sep By Africa Tech DigestNo Comments
Africa, Start-ups

Zola Electric closes $90M funding round to scale technology and enter new markets

Millions of people in sub-Saharan Africa and emerging markets continue to live without access to electricity. Some reports peg these numbers between 500 million and 2 billion people despite the prevalence of renewable energy providers in these regions. Zola Electric, one such provider, is announcing today that it has closed $90 million in new funding to enter new markets and drive distributed renewable energy. When Zola Electric was launched in 2011 by Erica Mackey, Xavier Helgesen and Joshua Pierce, the company provided solar home solutions to off-grid rural communities in Tanzania. Continue reading Image: ZOLA
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Tesla backed ZOLA Electric is solving Africa’s energy shortage by digitising energy
21Sep By Africa Tech DigestNo Comments
Africa, Energy

Tesla backed ZOLA Electric is solving Africa’s energy shortage by digitising energy

Access to reliable, affordable, and constant power supply has continuously been a problem in sub-Saharan Africa for a long time, impairing economic growth. As the population in the region increases, the enormity of the problem becomes more evident.  InEnergy in Africa Challenges and Opportunitiesby Manfred Hafner and Simone Tagliapietra Lucia de Strasser, in 2018, about 600 million people out of 1.07 billion in sub-Saharan Africa did not have access to electricity. While there are efforts to increase access to electricity, population growth outpaces these efforts.  Interestingly, some parts of Africa have high connection rates. According to Afrobarometer, Egypt has a 100% connection rate, South Africa, 95%; and Nigeria, 90%. Continue reading Image: techpoint.africa
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