USD 420,903,999+
*Data updated daily at 18:00 EAT
PowerLabs, a Nigeria-based energy and climate-tech startup founded in 2023 by Tobechukwu (Tobe) Arize (CEO) and David Adebiyi (CTO), has raised a pre-seed round led by Breega, with participation from Catalyst Fund, Mercy Corps Ventures, and Kaleo Ventures.
The funding will accelerate the deployment of its flagship AI-powered platform, Pai Enterprise, across Nigeria’s commercial and industrial sectors, with expansion into West Africa in view.
Pai Enterprise enables real-time orchestration of distributed energy sources—grid, diesel, solar, and batteries—transforming energy management from reactive monitoring to proactive optimisation.
Target sectors include hospitals, data centres, factories, retail outlets, and critical infrastructure. As businesses grapple with rising energy costs and unreliable grids, PowerLabs aims to improve resilience, reduce downtime, and optimise efficiency through intelligent microgrid systems and predictive energy management.