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PLENTIFY
DESCRIPTION OF THE PROJECT:
Plentify enables cleaner, cheaper and more reliable energy. This is done this via HotBot, an award-winning load management platform that connects home appliances into virtual power plants to intelligently shift demand away from peak times and towards times when renewable energy is available, saving users and utilities money.
LOCATION
Cape Town, Western Cape, Southern Africa
SECTOR
Energy
INVESTMENT PURPOSE AND ALLOCATION
Financing the rollout of ~72,000 – 116,000 HotBots as part of Plentify’s expansion from Cape Town to the rest of South Africa
STAGE
Expansion
INVESTMENT REQUIRED
USD 9-16M (Debt and Working capital)
Existing partners & commitments
City of Cape Town
Santam
Standard Bank
Balwin
Address
VUKA Group
Ground Floor, Ebden House, Belmont Park, Rondebosch. 7700, Cape Town, South Africa
Contact
+27 (0)21 700 3500
Organised by
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