TC|Daily | This start-up wants to save you from Eskom

--:--
Wetility co-founder and CEO Vincent Maposa is a busy man.
The alternative energy start-up is helping South African homeowners go solar, overcoming (or at least reducing the impact of) load shedding in the process, using financing models that don’t result in prohibitive upfront capital costs.
Wetility – pronounced we-tility – is one of several South African start-ups in this space, including GoSolar and Vivica Group-owned Stage Zero – that help homeowners go partially (or even fully) off-grid while using clever financing models to amortise the cost of the installation over time.
In this episode of TC|Daily, Maposa tells TechCentral’s Duncan McLeod about Wetility’s approach to financing, and why the company offers homeowners a range of options, including the ability to pay in full, or to use a subscription model, where they are charged monthly for the energy they use from the sun.
Maposa tells McLeod why he started the business, his background as a management consultant with Deloitte and with Cummins, and how Wetility came to be backed by pay-television group MultiChoice.
The company, which in the next few weeks is expected to unveil a series-A funding round to help it scale rapidly, talks about why Wetility decided to focus on the residential rather than the business market, how its offerings differ from other players in the market, and what consumers should know about going solar.
9 Nov 2022 English South Africa Technology · Business

Other recent episodes

TCS | From Namibian start-up to regional powerhouse: the rapid rise of Paratus

Paratus Group is rapidly emerging as a major player in the telecommunications industry in Southern Africa. But who’s behind Paratus, and what’s its history? From landing Google’s Equiano subsea cable in Swakopmund and building a new fibre route between South Africa and Namibia – providing a new data corridor between…
21 Mar 32 min

TCS Legends | Remembering Mustek founder David Kan

David Kan, the late founder and former CEO of Mustek, is the focus of episode 3 of TechCentral’s new podcast series, TCS Legends – powered by Mitel. In this episode, TechCentral editor Duncan McLeod is joined by Mustek CEO Hein Engelbrecht and Carlos Vizcarra, CEO of CPS Technologies, who was…
18 Mar 1 hr 20 min

TCS+ | CYBER1 Solutions on data and identity governance

Data and identity governance should be a top-of-mind issue for business leaders in 2024. CYBER1 Solutions MD Jayson O’Reilly and senior cybersecurity architect Christiaan Swanepoel share their insights on this important topic in this episode of TechCentral’s business technology show, TCS+. They kick off the discussion with a definition of…
13 Mar 58 min

TCS+ | How Workday solutions are helping supercharge Adcorp

Vinolia Singh, chief people officer at JSE-listed workplace solutions provider Adcorp, joins the second episode of a series of interviews about enterprise cloud software provider Workday. In this TCS+ interview, grouped under the theme of “change makers”, Singh is joined by Kiv Moodley, MD of Workday South Africa, to unpack…
12 Mar 34 min