What is Ojjo?
Founded in 2018 and headquartered in San Rafael, California, Ojjo provides essential custom foundations that serve as the mounting base for solar trackers. This critical component is integral to the efficiency and stability of solar energy installations. By focusing on robust and tailored foundation solutions, Ojjo addresses a key need in the rapidly expanding solar manufacturing and deployment market, positioning itself as a vital player in the renewable energy supply chain.
How much funding has Ojjo raised?
Ojjo has raised a total of $40.4M across 2 funding rounds:
Debt
$350K
Series C
$40M
Debt (2020): $350K with participation from PPP
Series C (2022): $40M led by Ajax Strategies and NGP ETP
Key Investors in Ojjo
Ajax Strategies
Ajax Strategies offers business consulting, public relations, and strategic marketing services tailored for professional services firms aiming to enhance profitability and efficiency. Their services include client feedback programs, crisis communications planning, perception studies, sports event optimization, one-on-one coaching, and merger integration strategies. The company focuses on helping firms challenge the status quo and improve their service delivery while maximizing business development opportunities. Led by Dean Harakas, Ajax Strategies leverages over 20 years of experience to drive growth and elevate client service in the legal sector.
NGP ETP
NGP ETP is an investor participating in Ojjo's Series C funding round. Further details regarding their investment focus or specific contributions are not publicly disclosed.
What's next for Ojjo?
With the recent major strategic investment, Ojjo is poised for significant scaling and operational enhancement. This capital infusion is anticipated to fuel further innovation in foundation design and manufacturing processes, potentially expanding the company's market reach and solidifying its competitive advantage. The enterprise-level backing suggests confidence from investors in Ojjo's business model and its potential to capture a larger share of the growing solar infrastructure market.
See full Ojjo company page
