About Wetility
Wetility is a company based in Johannesburg (South Africa) founded in 2019. Wetility has raised $37.21 million across 5 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
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$37.21 M (USD)
in 5 rounds
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Latest Funding Round
$27.8 M (USD), Series B
Jun 19, 2025
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Investors
MultiChoice Group
& 3 more
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Employee Count
Not available
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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.
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.
People of Wetility
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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 5 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.
Investors in Wetility
Wetility has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include MultiChoice Group, Sanlam and Jaltech.
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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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Investor details for Wetility
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Wetility
Investment portfolio details for Wetility
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- Transaction dates
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Financial Statements - Wetility
Detailed financials for Wetility
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- Profit trends
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Wetility Comparisons
Peer comparison for Wetility
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Solar Distribution and Installation
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Developer of solar energy projects
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Solar energy projects are developed by Mulilo in South Africa.
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Solar power and storage solutions are developed for midsize organizations.
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Wholesaler providing solar panels, inverters, and supplies for renewable energy projects.
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Detailed competitors of Wetility
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Latest news on Wetility
Complete news archive for Wetility
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Frequently Asked Questions about Wetility
Wetility was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Wetility is headquartered in Johannesburg, South Africa. It is registered at Johannesburg, Gauteng, South Africa.
Wetility is a funded company, having raised a total of $37.21M across 5 funding rounds to date.
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.
Wetility's top competitors include groSolar, Sturdee Energy and Mulilo.
Wetility offers PACE MONO BACKUP, PACE MONO SOLAR, PACE MINI, PACE MEDI, and PACE MEDI PLUS.
Wetility has 4 investors. Key investors include MultiChoice Group, Sanlam, Jaltech, and Metier.