Zola Electric Raises 90 Million Funding Round For Expansion
Erica Mackey, Xavier Helgesen, and Joshua Pierce founded Zola Electric a decade ago. The company began by offering solar housing solutions to Tanzania’s off-grid rural market. Over time, new lines have been added. It launched a product last year that can power appliances by syncing with any energy source, including the grid, solar, and batteries. Along with this product, it also offers software-as-a-service (SaaS). The money is split half-and-half between equity and debt....