Four carbazole-based bipolar host materials are utilized for solution-processed phosphorescent organic light-emitting diodes (PhOLEDs). These bipolar materials consist of an electron-donor unit (carbazole) linking to a fluorene unit bearing various electron-acceptor units (oxadiazole, cyano, and benzimidazole) via a saturated carbon, giving sufficiently high triplet energies due to the lack of direct electronic coupling between the donor and acceptor(s). The resulting physical properties and bipolar characteristics render the realization of efficient solution-processed green and white OLEDs feasible. The best green light-emitting device based on bipolar host CzFCBI incorporating a stepwise hole-injection/transporting system exhibit a low drive voltage, a maximum external quantum efficiency of 14.0%, a current efficiency of 49.0cd/A, and a power efficacy of 55.0lm/W. Moreover, the CzFOXa-based two-component (blue–orange) white light-emitting device shows a warmish-white emission with a maximum external quantum efficiency of 6.9% and stable chromaticity coordinates at different luminance levels and yield a high color rendering index (CRI) reaching 76 at a luminance of 1000cd/m2.