A company focused on renewable energy solutions in South Africa, developing software to facilitate energy wheeling and improve energy reliability.
South Africa’s Open Access Energy Raises $1.8M to Advance AI-Powered Clean Energy Platform
OAE received funding from E3 Capital, Equator VC, and Factor E Ventures to expand its EnergyPro platform. EnergyPro is a cloud-based software that facilitates energy wheeling from renewable sources to consumers.
Investors increases support to $6.65 million for SA’s private sector renewable energy initiative
EIB and DBSA commit an additional €100 million each to the renewable energy initiative. Total funding for the initiative now stands at €600 million ($665.39 million).
South African Startup Open Access Energy Secures USD 750 K
Open Access Energy secures USD 750K seed funding from Factor[e] Ventures. The funding marks the initial tranche of the company's USD 1.5M seed round.
Open Access Energy Secures $750K Funding to Drive South Africa’s Transition to Clean Energy
Open Access Energy (OAE) secures a $750,000 investment from Factor E Ventures. The funding will be used to address the energy deficiency in South Africa and enhance renewable energy distribution and management.
