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Solar-De-Mufasa

Kawu Musa Idris-Idah, 12th June 2026
  • Company name: Wetility
  • Year founded: 2019
  • Founders: Vincent Maposa, Ikenna Oguguo
  • Operational in: South Africa
  • Total raised since founding year: USD 75 million+
Funding breakdown
Year Stage / financing type (if available) Investors / financiers (if available) Amount raised (USD) & notes*
2022 Venture Debt MultiChoice (via its accelerator program – MultiChoice Innovation Fund) Undisclosed
2023 Debt + Equity (Series A) Sanlam, Metier Sustainable Capital, Industrial Development Corporation USD 48 million (ZAR 930 million, 2023 terms)
2025 Debt + Equity Jaltech USD 27.8 million (ZAR 500 million, 2025 terms) Funding aimed at deploying additional 16 MW+ of solar installations, avoiding 250,000 metric tons of CO₂ emissions.

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