Companies · Climate / Cleantech
Africa · Climate / Cleantech · founded 2021
Diligence memoA one-page analyst read on Wetility — recommendation, valuation, rhythm, risks.→Wetility has raised $28M over 1 round; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
Wetility is one of 207 Climate / Cleantech companies tracked from Africa, on record since 2021. By capital raised it ranks in the upper tier (ahead of 85% of sector peers), and in the upper tier by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
SA energy startup Wetility raises $27.8m funding to solar power thousands of homes 0 By Tom Jackson on June 19, 2025 News , Southern Africa South African solar-as-a-service provider Wetility has secured a ZAR500 million (US$27.8 million) structured capital partnership with Jaltech, a leading funder of solar energy projects, to help provide clean, reliable, and cost-effective solar energy to over one million homes and businesses across the country. Launched in 2021 , Wetility is South Africa’s fastest-growing solar-as-a-service provider, delivering solar and storage solutions to homeowners and
SA energy startup Wetility raises $27.8m funding to solar power thousands of homes 0 By Tom Jackson on June 19, 2025 News , Southern Africa South African solar-as-a-service provider Wetility has secured a ZAR500 million (US$27.8 million) structured capital partnership with Jaltech, a leading funder of solar energy projects, to help provide clean, reliable, and cost-effective solar energy to over one million homes and businesses across the country. Launched in 2021 , Wetility is South Africa’s fastest-growing solar-as-a-service provider, delivering solar and storage solutions to homeowners and
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.
Round size and date are reported; the stage label is inferred from round size (latest is Series B — a $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 85% of sector peers (real $). Modeled value above 82% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Wetility this company | Series B | $27.8M | $135.0M | 2.03× |
| Gaussion | Series B | $26.7M | $92.9M | 1.40× |
| Ascent Solar Technologies, Inc. | Series B | $154.4M | $40.0M | 0.60× |
| Soteria Battery Innovation Group Inc. | Series B | $24.4M | $6.3M | 0.10× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series B | $27.8M | 2025-06-19 | $154.4M | $135.0M | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Wetility is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Global Weather & Climate Solutions, Inc. | Climate / Cleantech | Series B | $27.8M | $12.4M | same sector · same stage |
| Gaussion | Climate / Cleantech | Series B | $26.7M | $92.9M | same sector · same stage |
| Soteria Battery Innovation Group Inc. | Climate / Cleantech | Series B | $24.4M | $6.3M | same sector · same stage |
| Carbon Capture, Inc. | Climate / Cleantech | Series B | $35.0M | $570.4M | same sector · same stage |
| Daystar Power | Climate / Cleantech | Series B | $38.0M | $774.4M | same sector · same stage |
| Swift Solar Inc. | Climate / Cleantech | Series B | $44.6M | $196.5M | same sector · same stage |
| Sunfolding, Inc. | Climate / Cleantech | Series B | $49.7M | $234.0M | same sector · same stage |
| Solarise | Climate / Cleantech | Series B | $10.0M | $227.9M | same sector · same stage |
See where Wetility sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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