funding “Revolutionizing South Africa’s Solar Adoption: How Hohm Energy Secured $8M for Rooftop Expansion”
In the latest development, three-year-old Hohm Energy, which connects homeowners and businesses with accredited solar installers, product suppliers, and embedded solar finance in South Africa, has raised $8 million in seed investment.
The funding, whose first tranche of $4.25 million came in Q4 2022, is the largest seed round for a tech startup in South Africa, according to Hohm Energy.
Hohm Energy says its solution was built as an alternative and sustainable energy source for over 7 million addressable households connected to South Africa’s national grid.
Hohm Energy would then generate a final engineering proposal and present it to its banking partners for financing approval.
“We are thrilled to announce our inaugural investment in Hohm Energy.
