E3 Capital Invests in Wattnow
5th November 2024
Nairobi, Kenya: E3 Capital is proud to announce an investment in Wattnow, a Climate tech startup specializing in energy management systems.
Founded in 2018 by Issam Smaali in Tunisia, Wattnow leverages AI and real-time data analytics to optimize energy consumption for businesses, reducing costs and carbon footprints. The company's IoT-driven solution provides real-time energy insights and predictive recommendations, making it a key player in the expanding global energy management sector.
The funding will support Wattnow's expansion into new markets beyond Tunisia. The round was led by Lateral Frontiers with participation from 216 Capital, Outlierz Ventures, Satgana, Octerra Capital, and strategic angel investors, including Karim Beguir and Guillaume Amblard.
Issam Smaali, CEO and Co-founder of Wattnow said, " We are thrilled to welcome E3 Capital as a strategic partner in our mission to revolutionize energy management. E3 Capital has been following our growth for some time and their commitment aligns perfectly with our vision of promoting sustainability through innovative technology. Their support not only validates our efforts but will also accelerate our plans to expand into new markets and continue making meaningful impact."
Utari Wanjohi, Investment Manager at E3 Capital, stated, "Wattnow’ s business model and focus aligns with our investment thesis, given the critical need for efficient energy management amidst rising energy prices and the global drive to reduce carbon emissions. The company's innovative solution provides businesses across various industries with the tools to optimize energy consumption, reduce costs, and minimize their carbon footprint. By leveraging on AI and real-time data analytics, Wattnow's platform enables companies to visualize and analyse their energy use in real-time, offering actionable insights that drive efficiency and sustainability.”
About Wattnow
Wattnow, established in 2018 in Tunisia, is an IoT energy management company offering an Energy Management System (EMS). Through its EMS, Wattnow helps companies improve their energy efficiency by allowing their customers to identify energy wastages and account for energy anomalies in their electrical setups.
