PowerLabs Secures Pre-seed Funding for AI Energy Platform

PowerLabs, a Nigerian energy climate tech startup, announced the successful closure of its pre-seed funding round, which was led by Breega and included participation from Catalyst Fund, Merci Corp Ventures, and Kaleo Ventures. The announcement was made over the weekend.

The investment will accelerate the rollout of PowerLabs' flagship AI-enabled energy orchestration platform, designed for enterprises across commercial industries in Nigeria. Tobechukwu Ariz, the Chief Executive Officer and co-founder of PowerLabs, stated that the platform aims to unify fragmented energy systems and distribute energy resources that are often chaotic and cluttered.

PowerLabs believes that decentralization does not equate to disorder and aims to rebuild an intelligent layer that will unify distributed energy resource operations, leveraging disaggregated offerings to provide flexible, cost-efficient, and carbon-neutral solutions, moving away from centralized energy systems.