Archives: Timeline Stories

ZOLA’s products energize more than 1 million daily users. The company launches the INFINITY Integrated Power System, which provides 24-Hour AC Power Anywhere with lithium-ion batteries, solar panels & the grid as a backup, if available.

ZOLA FLEX launches as the best-in-class plug-and-play, pre-paid solar system. ZOLA closes a growth funding round with investments from Helios Partners and GE Ventures.

ZOLA expands into Rwanda. ZOLA and EDF Energy announce a joint venture to expand energy access in West Africa, starting with Côte d’Ivoire.

ZOLA raises growth capital in a funding round led by DBL Partners. Nancy Pfund joins the board. ZOLA launches its third-generation power platform, which increases power capacity 10 times over previous generations.

ZOLA rapidly expands across Tanzania as tens of thousands of customers start choosing the company’s products. ZOLA partners with the International Finance Corporation on a $7 Million facility for off-grid solar – another first in the industry.

In its Series a venture capital financing round, ZOLA earns its first institutional funding in the pay-as-you-go solar sector. The company attracts SolarCity as its lead investor. SolarCity founder and CEO Lyndon Rive joins the board as ZOLA launches its second generation of hardware in Tanzania.

Off-Grid electric (ZOLA Electric) is launched as “M-Power” in Arusha, Tanzania, attracting its first 1,000 customers by the end of 2012.