About Wetility
Wetility is a company based in Johannesburg (South Africa) founded in 2019.. Wetility has raised $37.21 million across 4 funding rounds from investors including MultiChoice Group, Sanlam and Jaltech. Wetility offers products and services including PACE MONO BACKUP, PACE MONO SOLAR, PACE MINI, PACE MEDI, and PACE MEDI PLUS. Wetility operates in a competitive market with competitors including groSolar, Sturdee Energy, Mulilo, Sun Exchange and Segen Solar, among others.
- Headquarter Johannesburg, South Africa
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$37.21 M (USD)
in 4 rounds
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Latest Funding Round
$27.8 M (USD), Series B
Jun 19, 2025
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Investors
MultiChoice Group
& 2 more
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Employee Count
Employee Count
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Products & Services of Wetility
Wetility offers a comprehensive portfolio of products and services, including PACE MONO BACKUP, PACE MONO SOLAR, PACE MINI, PACE MEDI, and PACE MEDI PLUS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides backup power with inverter and battery for low-bill homes.
Includes solar panels and battery for efficient energy generation.
Offers panels and inverter for medium electrical bill users.
Delivers expanded solar setup for higher energy needs.
Features advanced panels and battery for optimal power storage.
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Product Management Team
3 people
Finance and Accounting
2 people
Leadership Team
2 people
Operations Team
1 people
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Funding Insights of Wetility
Wetility has successfully raised a total of $37.21M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $27.8 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $27.8M
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First Round
First Round
(09 Sep 2023)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Debt – Conventional - Wetility | Valuation |
investors |
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| Jun, 2025 | Amount | Series B - Wetility | Valuation |
investors |
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| Sep, 2023 | Amount | Debt – Venture - Wetility | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wetility
Wetility has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include MultiChoice Group, Sanlam and Jaltech. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Pay-television channels and internet services are provided to subscribers.
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Provider of life insurance services
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Manages alternative investments in solar projects, private equity, and digital assets for retail investors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wetility
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wetility
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wetility Comparisons
Competitors of Wetility
Wetility operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as groSolar, Sturdee Energy, Mulilo, Sun Exchange and Segen Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar Distribution and Installation
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| domain | founded_year | HQ Location |
Developer of solar energy projects
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| domain | founded_year | HQ Location |
Solar energy projects are developed by Mulilo in South Africa.
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| domain | founded_year | HQ Location |
Solar power and storage solutions are developed for midsize organizations.
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| domain | founded_year | HQ Location |
Wholesaler providing solar panels, inverters, and supplies for renewable energy projects.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wetility
Frequently Asked Questions about Wetility
When was Wetility founded?
Wetility was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Wetility located?
Wetility is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Is Wetility a funded company?
Wetility is a funded company, having raised a total of $37.21M across 4 funding rounds to date. The company's 1st funding round was a Debt – Venture of $31.38M, raised on Sep 09, 2023.
What does Wetility do?
Wetility was established in 2019 in Johannesburg, South Africa, within the renewable energy sector. Solar energy projects are developed to support sustainable power generation. Operations are conducted from the local base, with services encompassing project planning, implementation, and maintenance for commercial and utility-scale applications. The companys domain, wetility.energy, facilitates online information and stakeholder engagement in the region.
Who are the top competitors of Wetility?
Wetility's top competitors include groSolar, Sturdee Energy and Mulilo.
What products or services does Wetility offer?
Wetility offers PACE MONO BACKUP, PACE MONO SOLAR, PACE MINI, PACE MEDI, and PACE MEDI PLUS.
Who are Wetility's investors?
Wetility has 3 investors. Key investors include MultiChoice Group, Sanlam, and Jaltech.
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