Breaking News
Firm Secures Funding To Fix Electricity Woes
A Lagos-based energy and climate-tech start-up, PowerLabs, has raised a pre-seed funding round to tackle Nigeria’s fragmented and unreliable power systems.
The round was led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures and Kaleo Ventures.
The company said in a statement by CEO & Co-Founder, Tobechukwu Arinze on Saturday that proceeds would be used to scale its artificial intelligence-enabled platform, Pai Enterprise, across commercial and industrial sectors in Nigeria and to support expansion into other West African markets.
The investment comes as companies across Nigeria grapple with persistent grid instability, forcing them to rely on a patchwork of diesel generators, rooftop solar systems, inverters and battery storage to maintain continuity.
Managing these disparate systems has become both costly and operationally complex.Continue Your, Reading. .
-
Breaking News8 months agoBREAKING NEWS: Labour Congress Call For Review Of Minimum Wage, Propose N150,000 Pay For Lagos Workers
-
Breaking News7 months agoALLEGED BLASPHEMY: Angry Youths Kill Female Food Seller In Niger State
-
Entertainment8 months agoBurna Boy Used To Squat In My House – Cubana Chief Priest
-
Entertainment8 months agoBBNaija S10: I Was Prevented From Returning To Show Despite Being Medically Fit – Sabrina
-
Entertainment8 months agoPopular Nigerian Comedian, Josh2Funny And Wife, Bina, Welcome Third Son
-
Entertainment8 months ago[VIDEO] Ibom Air Incident: Comfort Emmanson Opens Up on Traumatic Experience
-
Breaking News7 months agoBREAKING: CAC Extends New Fee Regime To October 1
-
Entertainment8 months agoMedia Personality Toke Makinwa Make Confession On Fearful Pregnancy Journey, Shares Fresh Maternity Shoot
-
Politics8 months agoSoludo Mocks Obi, Declares ADC and LP “Dead” After Anambra By-elections
-
Breaking News7 months agoBukuyum: Air Operations Force Bandits To Release 70 Kidnapped Victims In Zamfara
-
Breaking News8 months agoBREAKING: 1 Israeli Soldier Dead, 9 Injured, 4 Missing
-
Breaking News8 months agoBREAKING: Hamas Captures Israeli Soldiers in Gaza
