The investment round was led by returning backers E3 Capital and 4DX Ventures, with participation from Breega, E4E Africa, TO.org, Tekton Ventures, Sunu Capital, Musha Ventures, and Climate Capital Ventures.

Hohm Energy’s proprietary platform connects homeowners and businesses with accredited solar installers, product suppliers, and embedded financing options.

This streamlined approach aims to simplify the rooftop solar journey, making it easier and more affordable for everyone to adopt clean energy.

“South Africa’s energy system is broken, and climate technology is critical to repairing it through scalable and sustainable alternatives,” said Tim Ohlsen, CEO of Hohm Energy.

“This funding will enable us to accelerate our work on our cutting-edge climate fintech strategy, which will focus on technological advancement, product innovation, and solar installer skill development.”

Hohm Energy has already made significant progress in its mission.

The company has generated over 17,000 custom solar rooftop designs worth $190 million and facilitated over $90 million in finance applications for its customers.

Additionally, it has partnered with major South African retail finance institutions to offer secured financing options, addressing a key barrier to solar adoption.

This investment comes at a critical time for South Africa, which is grappling with an escalating energy crisis.

Hohm Energy’s innovative approach and commitment to affordability position it well to play a significant role in providing alternative energy solutions and contributing to a more sustainable future for the country.