The company has successfully raised $750,000 in funding from Factor E Ventures, marking the first phase of its $1.5 million seed round.

This investment comes at a critical point for South Africa, which is grappling with severe energy challenges characterized by high costs and grid instability.

OAE aims to leverage its software solutions to address these issues by optimizing the distribution and management of renewable energy.

The company’s flagship platforms, Amptera and Energypro, are designed to facilitate seamless energy transactions and improve efficiency for independent power producers (IPPs) and municipalities.

OAE’s technology promises to enhance grid stability, reduce costs, and promote sustainable energy practices by connecting renewable energy sources to areas with high demand.

“This investment is a major milestone for OAE,” said Gerjo Hoffman, CEO of the company. “It will enable us to accelerate our growth, expand our market reach, and ultimately contribute to a more resilient and sustainable energy future for South Africa.”

Factor E Ventures expressed confidence in OAE’s potential to drive the country’s energy transition.

“OAE is well-positioned to address South Africa’s energy challenges,” said Tenbite Ermias, Partner at Factor E Ventures. “We are excited to support their growth and believe they have the potential to make a significant impact.”

Founded in 2021, OAE is rapidly gaining traction in the energy management sector.
With this latest investment, the company is poised to become a key player in South Africa’s transition to a cleaner, more decentralized energy system.