PowerLabs Lands Pre-Seed Backing to Fix Business Energy Woes

🔌 Meet PowerLabs

• PowerLabs is a Nigerian energy tech company that built an intelligent platform to help businesses juggle different power sources.

• They just closed an undisclosed pre-seed round led by Breega.

• Investor check. A group of angel investors and strategic industry partners also put money into this capital injection.

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💡 Cutting the Costs

• Businesses in Nigeria deal with constant blackouts and a shaky grid, forcing them to lean on expensive diesel generators.

• Managing these setups manually is a headache and usually leads to wasted power and high bills.

• The fix. PowerLabs syncs these systems automatically so companies can burn less diesel and save on monthly utilities.

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🤖 Smart Switching

• The team developed an AI platform that works with any hardware to switch between the grid, batteries, and generators.

• It makes decisions in real-time based on which source is cheapest or available at that moment.

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🚀 Rolling Out

• The new cash will fund a nationwide push to get their hardware into hundreds of small and medium businesses.

• They’re currently working on predictive algorithms that tell business owners if their backup gear is about to fail before it actually happens.