WATT

Businessfiled

WATT operates in Climate / Cleantech, based in Africa. Nigerian company WATT Renewable Corporation (WATT), an independently-owned provider of hybrid solar solutions, has secured US$13 million in funding to catalyse its efforts in advancing renewable energy solutions and fortify its position as a leading provider of clean energy in Nigeria.

Sub-sector tags: climate/cleantech.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

WATT has raised $13M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).

Largest single filing: $13M on 2023-10-05.

Most recent recorded round closed around 2023-10-05.

Valuation (modeled)modeled

Provath models WATT at approximately $84M (range $16M–$215M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.

Read: Fair. Modeled value is 1.31× the median modeled value of Series A Climate / Cleantech companies in 2022–2024 (15 peers) — value vs value, same stage and era. Within the normal band (131% of peer median) for its niche.

Financing rhythm & timingmixed

Last raise 2.7 yr ago; this sector typically re-raises about every 9 months.

Past due for a raise versus sector cadence — watch for distress or a bridge.

Comparablesmixed

Capital scale ranks ahead of 79% of Climate / Cleantech peers (207 compared).

Modeled value ranks above 76% of those peers.

Closest niche peers: Trion Battery Technologies Inc., Climate Club Holdings Pbc, Climate Action Reserve LLC, Wren Climate, PBC, GreenCharge.

Risks & flagsmixed

Overdue for a raise versus sector norm — distress or bridge risk.

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.