Amid South Africa’s ongoing energy challenges, Hohm Energy, a three-year-old startup facilitating rooftop solar solutions, has successfully raised $8 million in seed funding. The investment, led by E3 Capital and 4DX Ventures, marks a significant milestone in South Africa’s clean tech landscape.
In response to escalating power shortages, Hohm Energy aims to address the increasing demand for sustainable energy solutions. The company’s platform connects homeowners and businesses with accredited solar installers, product suppliers, and financing options, streamlining the process of transitioning to solar energy.
CEO Tim Ohlsen emphasizes the company’s commitment to empowering consumers in navigating the complexities of the solar industry. Through their innovative platform, Hohm Energy facilitates every aspect of the solar project, from design and procurement to financing and maintenance, ensuring a seamless experience for all stakeholders involved.
With a focus on scalability and sustainability, Hohm Energy plans to utilize the funding to enhance its technology, expand its presence in South Africa, and train local solar installers. The company’s unique approach, coupled with its strategic partnerships with retail banking institutions, sets it apart as a leader in the region’s green energy revolution.
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By Proptechbuzz
By Ravi Kumar
