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With USD 1.8 M Seed, OAE Wants To Make Electricity Flow Like Mobile Money In SA
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With USD 1.8 M Seed, OAE Wants To Make Electricity Flow Like Mobile Money In SA
As South Africa cautiously steps into the era of energy liberalisation, Cape Town-based startup Open Access Energy (OAE) is positioning itself as the connective tissue between a crumbling monopoly and a more decentralised, digital future. The company just secured USD 1.8 M in oversubscribed seed funding from climate-focused investors E3 Capital, Equator VC, and Factor[e] Ventures. It’s a follow-up to last year when the company secured a USD 750 …
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