About Okra Solar
Okra Solar is a company based in Sydney (Australia) founded in 2016 by Afnan Hannan.. Okra Solar has raised $9.9 million across 6 funding rounds from investors including Schneider Electric, FMO and European Development Finance Institutions. Okra Solar offers products and services including Mesh-Grid Kits, Okra Pod, and Harvest. Okra Solar operates in a competitive market with competitors including BioLite, Husk Power Systems, ConnectDER, Fenix International and Mobisol, among others.
- Headquarter Sydney, Australia
- Founders Afnan Hannan
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Okra Solar Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.9 M (USD)
in 6 rounds
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Latest Funding Round
$7.8 M (USD), Series A
Sep 04, 2023
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Investors
Schneider Electric
& 12 more
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Employee Count
Employee Count
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Products & Services of Okra Solar
Okra Solar offers a comprehensive portfolio of products and services, including Mesh-Grid Kits, Okra Pod, and Harvest. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Plug-and-play kits for off-grid electrification deployment.
Smart charge controller for energy monitoring and management.
App for planning and operating energy access projects.
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Funding Insights of Okra Solar
Okra Solar has successfully raised a total of $9.9M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $7.8 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $7.8M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2023 | Amount | Debt – Conventional - Okra Solar | Valuation |
investors |
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| Sep, 2023 | Amount | Series A - Okra Solar | Valuation | At One Ventures | |
| Dec, 2022 | Amount | Debt – Conventional - Okra Solar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Okra Solar
Okra Solar has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Schneider Electric, FMO and European Development Finance Institutions. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Okra Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Okra Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Okra Solar Comparisons
Competitors of Okra Solar
Okra Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BioLite, Husk Power Systems, ConnectDER, Fenix International and Mobisol, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Energy generation from wooden biomass, powerbank and solar kit
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Hybrid renewable energy solutions are provided for rural communities.
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| domain | founded_year | HQ Location |
Solutions for microgrid integration with main grids are provided.
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| domain | founded_year | HQ Location |
Plug-and-play smart batteries are produced for off-grid energy storage.
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Solar systems are offered with pay-as-you-go options in East Africa.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Okra Solar
Frequently Asked Questions about Okra Solar
When was Okra Solar founded?
Okra Solar was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Okra Solar located?
Okra Solar is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Okra Solar a funded company?
Okra Solar is a funded company, having raised a total of $9.9M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $4.5M, raised on Mar 12, 2019.
What does Okra Solar do?
Okra Solar was founded in 2016 in Sydney, Australia, within the renewable energy sector. A peer-to-peer platform for solar power sharing is provided, allowing integration of existing installations into a common grid. Excess generated power, previously wasted, is redirected toward productive applications and extended to supply neighboring areas without power. Operations focus on efficient energy distribution and utilization.
Who are the top competitors of Okra Solar?
Okra Solar's top competitors include Husk Power Systems, BioLite and ConnectDER.
What products or services does Okra Solar offer?
Okra Solar offers Mesh-Grid Kits, Okra Pod, and Harvest.
Who are Okra Solar's investors?
Okra Solar has 13 investors. Key investors include Schneider Electric, FMO, European Development Finance Institutions, European Union, and Susquehanna.