Energy startup raises capital to tackle energy inefficiency
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PowerLabs, an energy technology startup, has raised a pre-seed round to develop an AI-driven platform aimed at improving coordination across multiple energy sources used by businesses. The platform, Pai Enterprise, is designed to manage multiple energy sources simultaneously and prevent disruptions, targeting sectors such as healthcare and manufacturing.
PowerLabs, an energy startup, has raised funding to develop an AI-driven platform. The platform, Pai Enterprise, manages multiple energy sources simultaneously. It models demand, predicts disruptions, and switches between power inputs. The funding round was led by Breega, with participation from Catalyst Fund and others. PowerLabs will use the funding to expand its platform across Nigeria's commercial and industrial sectors. The company plans to improve predictive models and integrate with distributed energy systems, with plans to expand into other West African markets.
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