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Hohm Energy SA

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Hohm Energy raises $8 million in seed funding to scale rooftop solar adoption in South Africa

Hohm Energy, a South African climate startup helping individuals and businesses transition to solar, announced on Thursday, February 22, 2024, that it has raised $8 million in seed funding to scale the adoption of rooftop solar in the country Former backers — E3 Capital and 4DX Ventures — led the round with participation from Breega, E4E Africa, TO.org, Tekton Ventures, Sunu Capital, Musha Ventures, and Climate Capital Ventures. According to a statement obtained by Techpoint Africa, the company will use the funding to accelerate work on its "new cutting-edge climate fintech strategy," which will promote technological advancement, product innovation, and solar installer skill development. The energy platform guarantees that the new development will make rooftop solar more reliable, affordable, and accessible to all, facilitating its widespread adoption across the region and marking a significant milestone for South Africa's tech and solar ecosystem. Launched in 2021 by Tim Ohlsen and Emir Gluhbegovic, Hohm Energy enables homeowners and businesses in South Africa to opt for solar solutions by providing accredited solar installers, product suppliers, and embedded solar finance. The startup operates its proprietary software platform and marketplace, which connects every stakeholder in the value chain. Aside from allowing solar installers to design, manage, finance, and procure solar projects, energy platforms enable customers to digitally assess their properties' solar energy requirements and obtain credit financing for rooftop solar installation. https://techpoint.africa/2024/02/22/hohm-energy-raises-seed-south-africa/

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48 more agrees trigger social media ads

  • Grace Njeri

    1 w

    We must be willing to contribute towards preserving the environment and adopting environment-friendly investments.

    1
    • Grace Njeri

      1 w

      We must be willing to contribute towards preserving the environment and adopting environment-friendly investments.

      • We Don't Have Time

        6 w

        Dear johnte ndeto Your climate love has received over 50 agrees! We have reached out to Hohm Energy SA by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

        2
        • Kevin

          7 w

          Amazing work by the team

          1
          • Ann Nyambura

            7 w

            Kudos to the team. This funding will help them innovate and reach more communities and businesses with sustainable energy solutions nationwide.

            5
            • Joseph Githinji

              7 w

              @ann_nyambura_542 it is a noble investment indeed.

              3
            • Rotich Kim

              7 w

              This is brillant investiment

              3
              • Joseph Githinji

                7 w

                Investing in clean and renewable energy is noble, happy to see @HolmEnergy take this direction to sponsor more solar energy investment in South Africa.

                4
                • Esther Wanjiku

                  7 w

                  Adoption of solar power is the way to go, Kudos for raising funds to help with the implementation of a solar programme.

                  4
                  • Chris Ndungu

                    7 w

                    This development has thrilled me up, transitioning to renewable energies is the key point.

                    4
                    • George Kariuki

                      8 w

                      I'm thrilled to see such positive developments! This is crucial for diversifying their energy mix and reducing reliance on fossil fuels.

                      7
                      • Joseph Githinji

                        7 w

                        @george_kariuki A great way to reduce carbon footprint in South Africa.

                        3
                      • walter lungayi

                        8 w

                        Hohm Energy's $8 million seed funding will greatly support the expansion of rooftop solar adoption in South Africa, contributing to the country's renewable energy goals and sustainable development.

                        5
                        • Joseph Githinji

                          7 w

                          @walter_lungayi A major way to enhance sustainability in south Africa.

                          3
                        • Elizabeth Gathigia

                          8 w

                          Transitioning to renewable energies is the way to go, they're affordable, and easy to maintain and saves you alot

                          13
                          • Joseph Githinji

                            7 w

                            @elizbeth_gathigia Renewable energy is good for the environment and should be a venture we all support to take over in the future.

                            3
                          • zelda ninga

                            8 w

                            Solar power should be the best source of energy since is much more reliable, cheap to maintain, and durable too`.

                            13
                            • Saustine Lusanzu

                              8 w

                              @zelda_ninga_442 it is also clean, and affordable and friendly to the environment! Also people from local communities can afford

                              6
                              • zelda ninga

                                8 w

                                @saustine_lusanzu very true it's a high time we change to solar.

                                5
                              • Saustine Lusanzu

                                8 w

                                This is good and kudos to the Hohm Energy for the good initiative that aims at protecting the mother earth! There's a need to keep pushing for the other companies to have the same path as Hohm Energy

                                6
                                • Joseph Githinji

                                  7 w

                                  @saustine_lusanzu I agree, this is an investment worth adopting.

                                  3
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