Open Access Energy (OAE), a South African startup specializing in energy management software, has secured a $750,000 investment from Factor E Ventures, marking the first phase of its $1.5 million seed round. The software company stated that this initial funding will be directed toward addressing the severe energy deficiency in the southern African nation by enhancing the distribution and management of renewable energy. Factor E Ventures’ investment comes at a pivotal moment for both the company and the country. South Africa’s energy sector is currently grappling with significant challenges, including high costs and…
Read MoreOpen Access Energy Secures $750K Funding to Drive South Africa’s Transition to Clean Energy
