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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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