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INDUSTRY FIRST

Ojjo Secures $40 Million Series C Funding Round To Scale Next Generation Solar Foundations

Sep 20, 2022•almost 3 years ago

Amount Raised

$40 Million

Round Type

series c

San RafaelSolarRenewable EnergyEnergyManufacturing

Description

Ojjo, the leading provider of next-generation solar foundations, has closed a $40 million Series C funding round led by NGP ETP, the energy transition investing platform of NGP, with Ajax Strategies also participating. In addition, James Wallis, Partner at NGP, has joined Ojjo's Board of Directors. The new funding will accelerate Ojjo's growth and execution on its 9-Gigawatt active project pipeline. Ojjo's patented Earth TrussTM System offers a fast and efficient means of securing ground mount solar systems—typically requiring significantly less steel volume and labor as compared to customary pile foundations

Company Information

Company

Ojjo

Location

San Rafael, California, United States

About

Ojjo has all the necessary capabilities to help the industry scale to take full advantage of this unique and timely opportunity.""Ojjo's Earth Truss systems have been proven in the field on hundreds of megawatts of projects, in a variety of soil conditions. Ojjo provides its Earth Truss hardware, field engineering services, and automated Truss Driver machines to solar developers, EPCs and their foundation subcontractors. Rapidly becoming the go-to solution for leading utility-scale projects, Ojjo has over 26 Gigawatts of opportunities across its overall North American pipeline. About OjjoOjjo is the industry leader in the development and manufacture of next-generation solar foundations.

Company News

(10 articles)

Wed, 21 May 2025 07:00:00 GMT

DePaul Women’s Basketball Signs Michelle Ojo - DePaul University Athletics

Fri, 04 Jul 2025 07:00:00 GMT

5-star OT Ojo picks Texas Tech, lands $5.1M deal - ESPN

Fri, 04 Jul 2025 07:00:00 GMT

Five-star recruit Felix Ojo lands historic $5.1 million NIL deal after Texas Tech commitment - New York Post

Tue, 16 Jan 2024 08:00:00 GMT

Ojjo foundations now compatible with PV Hardware solar trackers - Solar Power World

Tue, 16 Jan 2024 08:00:00 GMT

Ojjo Achieves Foundation Compatibility with Leading Tracker Supplier PV Hardware - PR Newswire

Fri, 03 Nov 2023 19:03:35 GMT

Calculating Corruption: Peru’s Ojo Público Creates Tool to Gauge Contracting Risks - Global Investigative Journalism Network

Fri, 21 Jun 2024 07:00:00 GMT

Nextracker acquires solar foundation specialist Ojjo for $119 million - pv magazine International

Thu, 27 Jul 2023 07:00:00 GMT

OJO promotes Chris Heller to president - HousingWire

Thu, 25 Jun 2020 07:00:00 GMT

Artificial Intelligence Real Estate Firm OJO Labs Raises $62.5 Million, Buys Home Listing Site - Forbes

Tue, 15 Mar 2022 07:00:00 GMT

With a Two-Year Revenue Growth of 803%, OJO Labs Ranks No. - GlobeNewswire

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