# Wetility Proprietary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wetility-proprietary

- Industry: Renewable Energy
- Headquarters: Sandton, South Africa
- Website: www.wetility.energy/
- Total disclosed funding: $48M
- Latest round: Series C (Jun 1, 2023)
- Investors on record: 3

## About

Wetility Proprietary Limited, based in South Africa, specializes in solar energy solutions, providing tailored products for both residential and commercial customers to optimize energy consumption and reduce electricity costs.Wetility Proprietary Limited was founded in 2019 and operates out of Sandton, South Africa. The company focuses on solar energy solutions, catering to various customer needs. Wetility has successfully completed three funding rounds, with the most recent being a Series C round in June 2025, which raised ZAR 930.0 mn from investors including the Industrial Development Corporation, Metier, and Sanlam Investments. The company offers a comprehensive range of solar product bundles to help customers transition to renewable energy sources.Wetility specializes in providing solar energy solutions tailored to various customer needs, primarily in South Africa. The company’s core product offerings include solar bundles designed for residential and commercial use, helping customers manage their electricity costs. These bundles feature various configurations, such as the PACE BACKUP, PACE CORE, PACE XTRA, and PACE MEGA, with setups ranging from basic 5kW inverter configurations for households with electrical bills under R1,500 to advanced options for those exceeding R7,000. Wetility primarily serves residential customers and small to medium-sized enterprises aiming to reduce reliance on traditional energy sources, addressing energy affordability and sustainability challenges.Wetility generates revenue through subscription-based models associated with its solar product offerings, allowing customers to access solar energy solutions with manageable monthly payments. Pricing varies by bundle, with plans such as PACE BACKUP available for ZAR 1,099 per month and PACE MEGA for ZAR 4,529 per month. These fees cover the necessary equipment, including solar panels and batteries, along with installation services. The company primarily employs a direct-to-consumer sales model, enhancing the purchasing process for end-users, while partnerships with local businesses may further extend its customer reach.In June 2025, Wetility Proprietary Limited raised venture funding from new investor Jaltech as part of a broader ZAR 500 mn equity and debt funding initiative. The funding will support the addition of over 16MW additional solar capacity across South Africa. The company plans to focus on launching new solar products and expanding into broader markets within the region as part of its growth strategy.

## Funding rounds

- Series C, Jun 1, 2023, $48M — Industrial Development Corporation, Metier, Sanlam Investments

## Investors

- Industrial Development Corporation — Series C
- Metier (https://capitalatlas.ai/funds/metier) — Series C
- Sanlam Investments (https://capitalatlas.ai/funds/sanlam-investments) — Series C