Founded in 2021, the company is behind Amptera and Energypro—digital platforms that facilitate dynamic energy exchange and improved management solutions for Independent Power Producers (IPPs) and municipal authorities.

These tools are central to enhancing energy flexibility and decentralization as South Africa transitions to a more distributed power system.

This recent capital injection marks the final close of OAE’s seed round, which originally targeted $1.5 million.

The startup had previously announced a $750,000 investment from Factor E Ventures in August last year.

The completed round saw continued support from Factor E Ventures and attracted new participation from E3 Capital and Equator VC.

“The shift towards private energy generation is essential for South Africa’s energy future,” said Gerjo Hoffman, CEO of Open Access Energy.

“With this funding, we can expand the technology ecosystem that enables IPPs and energy traders to operate effectively within the liberalized market framework. We’re grateful for the backing of investors who are aligned with our long-term vision.”

Investor confidence in the company stems from its potential to address real-world energy challenges using innovative software.

“Open Access Energy provides a critical digital layer that allows renewable power to seamlessly move through current infrastructure,” said Andrew Darge, who led the investment from E3 Capital.

“The ability to scale municipal wheeling, localized generation, and transparent energy settlement is exactly the type of systemic solution Africa needs for a low-carbon future.”

Morgan DeFoort, Partner at Equator VC, added:

“South Africa’s energy landscape is being reshaped by privately generated and locally distributed clean energy. OAE is laying the digital groundwork to make that transformation a reality. We’re investing in a team with a unique mix of technical strength, market insight, and close ties to both municipal and commercial stakeholders.”