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Hohm Energy to scale adoption of rooftop solar across South Africa, backed by $8M seed
South African clean ech Hohm Energy, which helps homeowners and businesses to go solar with solar installers and finance, raises $8 million.
In the face of South Africa’s worsening energy crisis, marked by increasingly severe power shortages, implementing daily electricity rationing has become imperative to avert the risk of a nationwide grid collapse. Founded in 2021 by Tim Ohlsen and Emir Gluhbegovic, Hohm Energy runs a software and marketplace model connecting different stakeholders in the $51 billion rooftop solar market value chain. With the funding, Hohm Energy, which hopes to attain sustainable profitability this year, will also look to double down on its climate fintech strategy, bolster its tech and launch a program to train local solar installers.
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