Hohm Energy, the South African solar company that announced a $8 million seed round in February, is currently not operational due to cash flow problems and an inability to service existing debts. The company has entered business rescue, a process that helps financially distressed companies get help, and has laid off an undisclosed number of employees. Under
The post Exclusive: Hohm Energy in financial distress months after $8m raise first appeared on Content Krush.