Solar-De-Mufasa Limited

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

YearStage / financing type (if available)Investors / financiers (if available)Amount raised (USD) & notes*
2022Venture DebtMultiChoice (via its accelerator program – MultiChoice Innovation Fund)Undisclosed
2023Debt + Equity (Series A)Sanlam, Metier Sustainable Capital, Industrial Development CorporationUSD 48 million (ZAR 930 million, 2023 terms)
2025Debt + EquityJaltech

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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