South Africa Energy

Wetility

Wetility is a solar-as-a-service company that has strategically evolved into an AI-powered, fintech-enabled energy platform.

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Wetility

About the Business

Wetility combines artificial intelligence, subscription financing, and smart energy management to make clean energy accessible at scale across South Africa. Wetility finances and delivers energy access using affordability assessments, flexible subscription structures, and a single consolidated bill to remove cost barriers. Its proprietary AI engine optimises each home’s solar, battery, and grid usage in real time - autonomously balancing savings and backup power in ways no manual system can match.

Wetility has made a significant impact helping households and SMEs save up to 90% on power bills. The business has raised over $80 million in total funding, including a landmark $28 million deal with Jaltech, and today employs over 100 staff while supporting approximately 3000 contractors nationwide.

As part of the 2022 CFA cohort, Wetility gained access to expert financial advisors and warm introductions to leading institutional investors, directly enabling its first local debt facility and the right private equity partnerships. CFA support extended further to technical reviews and shaping Wetility's approach to social inclusion and job creation. Wetility was subsequently invited to present at the CFA global event in London, gaining exposure to international experts, policymakers, and large-scale investors. Those relationships have endured, which saw the UK High Commissioner to South Africa delivering the inaugural address at Energy Leap 2025, where One Bill was officially launched. 

Key Information

Country
South Africa
Sector
Energy
CFA Cycle
2022

Funding Opportunity

Funding Required
-
Business Finance
-
Project Finance
-
Funding Received
No
Purpose of Funding
-

Contact Information

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