The merger occurs alongside a new funding round led by Equator VC and with participation from Praetura Ventures and KawiSafi Ventures, which collectively bring together decades of experience investing in African and climate-tech ventures, said a statement released by the firms on Tuesday.
The merger unites two pioneers in advanced metering solutions, paving the way for rapid expansion into the grid-connected market and increased customer reach. SteamaCo has over a decade of experience providing advanced metering infrastructure (AMI) to energy companies across 20 African countries, transforming the energy sector with features like AI-driven loss detection for major power companies, including Aba Power.
