Jaltech Backs Solar Firm Wetility in R500-Million Capital Raise - TechCentral

INFOGRAPHIC: Startup Funding in Africa and the Middle East—Week 25, 2025

From clean energy to fintech and AI, tech startups across Africa and the Middle East are pulling in major cash and fast. In just the past few weeks, more than a dozen companies have closed deals aimed at tackling some of the region’s most pressing problems, from unreliable power grids to clunky payment systems. Here's a look at the most recent fundraising moves and what they tell us about where innovation is heading.In Israel, Coralogix, a softw…

Wetility Secures $27.8m to Supercharge Solar Access in South Africa - Innovation Village | Technology, Product Reviews, Business

In a bold stride toward decentralizing South Africa’s power grid and making clean energy more accessible, solar subscription startup Wetility has secured R500 million (~$27.8 million) in structured financing from investment firm Jaltech. The deal marks one of the most significant moves in the country’s residential solar sector this year—and a signal that investor confidence in green tech is rising. Wetility, founded just four years ago, is not y…

South African Solar Startup Wetility Secures $27M to Expand Clean Energy Access

South African solar startup Wetility has secured $27 million in a structured funding agreement with alternative asset manager Jaltech.Founded in 2019 by Vincent Maposa and Ikenna Oguguo, Wetility delivers solar and battery bundles through a subscription-based model tailored for middle-income households and small businesses. The company targets those most affected by South Africa’s persistent load shedding, customers who need reliable power but c…

As Blackouts Worsen, This SA Startup Just Banked USD 27 M To Lead The Solar Race

South Africa’s power crisis has bred plenty of solar startups, but few have cracked the holy grail of scale. Wetility may just be getting there, with the financial muscle now to prove it. The fast-growing solar-as-a-service provider, notably backed by Pay-TV giant MultiChoice among others, has secured ZAR 500 M (around USD 27 M) in a structured funding deal with alternative asset manager Jaltech. It’s Wetility’s largest capital raise yet (the fi…

Jaltech backs solar firm Wetility in R500-million capital raise - TechCentral

Wetility, a subscription solar service provider, has secured R500-million in structured capital funding from Jaltech.

MultiChoice-backed Wetility secures R500m funding

The capital will be utilised to fund solar and battery systems, enabling the start-up to add over 16MW of solar capacity.