Hohm Energy runs a software and marketplace model that automates proposal and custom design processes, matches homeowners with accredited solar installers, and integrates procurement and finance. Its platform includes mobile apps and SaaS tools for installers, a “Home Ranger” supervision feature for installations, and a fulfillment process covering post-sales repair and maintenance. The company has produced more than 17,000 tailored rooftop designs valued at $190 million and has facilitated over $90 million in finance applications to retail banking partners. Average order value on the platform is roughly $8,000–$12,000, and the business reports a 4x–5x increase in GMV and revenue since launch. Hohm partners with South African retail banks (Investec, Nedbank, MFC, WesBank and Capitec) to offer structured financing options including home loans, solar loans and lease‑to‑own. The team says it aims to attain sustainable profitability this year and will use the new funding to double down on its climate‑fintech strategy, bolster technology, and launch a program to train local solar installers. While the model is seen as scalable to other African and emerging markets, Hohm remains focused on deepening its presence in South Africa given ongoing power disruptions.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2024