What is Ojjo?
Founded in 2018 and headquartered in San Rafael, California, Ojjo, Inc. operates at the intersection of mechanical engineering and renewable energy. The company provides proprietary, custom-engineered foundations specifically designed for solar trackers. By optimizing the structural integrity and installation efficiency of these mounting systems, Ojjo enables solar developers to reduce project timelines and lower the levelized cost of energy (LCOE).
The company's market position is defined by its ability to solve the 'ground-game' challenges of solar farm construction. As the industry shifts toward larger, more complex utility-scale projects, Ojjo's specialized foundation technology has become an essential component for developers seeking to maximize land utilization and structural reliability. Their approach represents a departure from traditional, labor-intensive foundation methods, favoring precision-engineered solutions that align with modern automated installation techniques.
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
A strategic consultancy firm that provides business development, crisis communications, and operational efficiency services to help professional firms maximize growth and market impact.
NGP ETP
A prominent investment firm focused on the energy transition, providing capital and strategic support to companies driving innovation in the renewable energy and power sectors.
PPP
Public-Private Partnership
What's next for Ojjo?
With the successful completion of its latest financing round, Ojjo is well-positioned to accelerate its manufacturing throughput and expand its footprint in the North American solar market. The strategic focus will likely center on scaling production capacity to meet the surging demand for utility-scale solar infrastructure, while simultaneously refining its proprietary installation technology to further drive down costs for project developers.
Looking ahead, the company is expected to leverage this capital to enhance its supply chain resilience and potentially explore new geographic markets where solar adoption is accelerating. As the global energy sector continues its transition toward decarbonization, Ojjo's role as a foundational technology provider will be critical in supporting the rapid deployment of solar assets. The firm's ability to maintain its competitive edge will depend on its continued innovation in foundation design and its capacity to integrate seamlessly with the evolving ecosystem of solar tracking hardware.
