R150 Million Smart Utilities Partnership Targets Underserved South African Businesses
A strategic partnership between investment firms ALT Capital Partners and New GX Capital has launched a R150-million smart utilities initiative. The project targets small and medium enterprises in historically underserved communities with integrated utilities management solutions combining technology and innovative funding.
Major Investment in Smart Utilities Infrastructure
Investment firms ALT Capital Partners and New GX Capital have reportedly formed a strategic partnership to launch a R150-million smart utilities and infrastructure initiative, according to recent reports. The collaboration, facilitated through ALT Capital Partners’ REimagine Fund 1 and New GX Capital-funded Airnergize Ventures, focuses on early-stage disruptive utilities management businesses with significant scalability potential.