Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed
- South Africa is experiencing severe power shortages and needs to implement daily electricity rationing to prevent a nationwide grid collapse.
- Hohm Energy, a clean tech startup, has raised $8 million in seed investment to provide alternative and sustainable energy solutions for households connected to the national grid.
- The funding is the largest seed round for a tech startup in South Africa and will be used to deepen Hohm Energy's presence in the country and expand its climate fintech strategy.
The worsening energy crisis in South Africa highlights the urgent need for innovative solutions. Hohm Energy's seed investment and focus on providing alternative and sustainable energy sources is a positive step towards addressing this issue. Their software and marketplace model streamlines the process for homeowners and businesses, making clean energy more accessible. Expanding their presence and climate fintech strategy will further contribute to the country's green energy revolution.
