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. 

‍About E3 Capital‍

E3 Capital is a leading investor in early-stage businesses enabling  digitised, decentralised and decarbonised business models across Africa.  Presently, E3 oversees two Pan-African funds: Energy Access Ventures Fund  with focus on energy access and productive use of energy and E3 Low Carbon  Economy Fund with focus on climate tech and digital infrastructure. E3  Capital seeks to back forward-thinking entrepreneurs endeavouring to bridge  the gap between climate transition and growth in emerging markets with green  energy as the enabler of these products and services.