Who is Zola electric?

ZOLA Electric (ZOLA) is a ground-breaking company based in San Francisco and Arusha, Tanzania, with the ambitious aim of powering off-grid homes across Africa with affordable, renewable energy. ZOLA provides solar systems to homes and businesses in rural communities through an innovative financial solution.

How much does Zola cost in Tanzania?

Through ZOLA's financial solution, its services are affordable to 80% of Tanzanian households today. The cost of the ZOLA service is on par with kerosene for lighting (typically US$0.25 per day), and customers can pay in the way that suits them best.

How many customers does Zola have in Rwanda?

ZOLA's goal is to reach 12,000 customers in Rwanda by the end of 2016, as well as 150,000 total in Tanzania. It is currently exploring geographic expansion in both Eastern and Western Africa with partners such as Total, EDF, Helios Investment Partners & Solar City.

What is Zola solar & how does it work?

ZOLA provides solar systems to homes and businesses in rural communities through an innovative financial solution. It offers “solar as a service” to customers who suffer from an expensive grid, an unreliable grid, or have no grid access at all.

What is Zola's million solar homes fund?

ZOLA's Million Solar Homes Fund, a novel USD 45 million debt financing fund to finance distributed solar leasing to sub-Saharan African households, is the largest fund of its kind. ZOLA is already at around 1,000 employees, 90% of which are on the ground in Africa, nearly all of which are hired from the country where the operations are focused.

Is Zola launching a similar financing vehicle in Rwanda?

ZOLA is now exploring similar financing vehicles in Rwanda as well as other new geographies. Vertical integration, door-to-door sales and data analysis have allowed ZOLA to build an excellent customer experience into its hardware.