The company said the move was necessary to tackle the age-long power sector crisis in Nigeria and Africa through digital energy, community-metering and other solutions. The merger comes with historic investment led by Equator VC and with participation from Praetura Ventures and KawiSafi Ventures in the continental energy sector, especially Nigerian Independent Power Producers , grid intelligence, and metering. “With rising energy costs, there is a growing need for reliable power.
reports that in the last months of 2024, the national grid has collapsed at least nine times.
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