Ojjo is a technology company.
At Nextpower, we see a world where energy is not only clean and abundant but intelligent, connected, and resilient. Our vision is to transform utility-scale power delivery through an integrated solutions platform.
Ojjo has raised $40.0M across 1 funding round.
Ojjo has raised $40.0M in total across 1 funding round.
Ojjo is a U.S.-based renewable energy company founded in 2018, specializing in innovative foundation technology and services for utility-scale ground-mount solar power generation. It develops patented foundation systems, such as the Earth Truss, designed for solar trackers, particularly suited for rocky sites, enabling faster installation, reduced costs, and improved project efficiency in large-scale solar projects.[2][3][5] The company serves solar developers, EPC firms, and tracker manufacturers like Nextracker and PV Hardware, solving key challenges in geotechnical foundations that traditionally slow deployment and increase expenses in utility-scale solar farms.[2][3] Ojjo raised $40 million in total funding, including a $40 million Series C in September 2022, before being acquired by Nextracker in 2024 for approximately $119 million, accelerating its growth and integration into global solar solutions.[2][3][4]
Ojjo was founded in 2018 and headquartered in San Rafael, California, with a team of about 26 employees focused on revolutionizing large-scale solar foundations.[3] While specific founders are not detailed in available sources, the company emerged from the need to address inefficiencies in solar tracker mounting on challenging terrains, building on geotechnical expertise to create patented systems like helical pile alternatives.[2][5] Early traction came through collaborations, including multi-year testing with Nextracker on joint customer projects and compatibility achievements with PV Hardware in January 2024, demonstrating rapid market validation.[2][3] This culminated in its 2024 acquisition by Nextracker, marking a pivotal moment that expanded its reach amid booming utility-scale solar demand.[2]
Ojjo stands out in the solar foundation market through:
Ojjo rides the explosive growth of utility-scale solar, driven by global renewable energy mandates, falling panel costs, and U.S. incentives like the Inflation Reduction Act. Its timing aligns perfectly with surging demand for solar capacity—projected to dominate new U.S. power additions—where foundation challenges on varied terrains bottleneck 20-30% of project timelines and budgets.[2][5] Market forces like supply chain pressures and labor shortages favor Ojjo's faster, lighter foundations, which cut material use and enable deployment in previously uneconomic sites.[2] Post-acquisition, Ojjo influences the ecosystem by embedding its tech into Nextracker's global fleet across 40 countries, standardizing efficient foundations and accelerating solar's cost parity with fossils.[2]
With Nextracker's backing, Ojjo's foundations will scale alongside intelligent trackers and software, targeting integrated solutions for multi-GW solar pipelines. Trends like AI-optimized plant design and extreme weather-resilient infrastructure will amplify its edge, potentially expanding to wind or hybrid renewables. Its influence could evolve from niche innovator to industry standard, further slashing levelized costs and powering the utility-scale solar boom—cementing Ojjo's role in the clean energy transition that began with its 2018 vision.[2][5]
Ojjo has raised $40.0M in total across 1 funding round.
Ojjo's investors include 8VC, C2 Investment, Daffy, Electric Capital, Incite Ventures, SV Angel, The Hit Forge, Adam D'Angelo, Ayo Omojola, John Collison.
Ojjo has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Series C in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $40.0M Series C | 8VC, C2 Investment, Daffy, Electric Capital, Incite Ventures, SV Angel, The Hit Forge, Adam D'Angelo, Ayo Omojola, John Collison |