South African electrotech and climate-technology company Plentify has closed an oversubscribed Series A funding round, bringing its total capital raised to nearly US $15 million as it prepares to expand the global deployment of its AI-driven intelligent energy platform, multiple industry reports said.
The Series A round was led by Secha Capital, Buffet Investments and a South African family office, with participation from existing backers E3 Capital and Fireball Capital and new investors including Endeavor South Africa’s Harvest Fund and Satgana, according to financing disclosures.
Plentify, founded in 2017 by Jon Kornik and Kailas Nair, develops hardware and software that connect household appliances, solar inverters and batteries into an AI-powered home-energy management system designed to shift electricity use to times when power is cheaper and cleaner, organisers said. The company’s platform is positioned as a tool to help balance grid load and reduce energy costs for consumers and utilities.
The startup has used South Africa’s extended power-supply challenges, marked by chronic load shedding and rising electricity tariffs, as a proving ground for its load-management solutions, which the company says have enabled partners to manage nearly 100 MWh of residential capacity and avoid approximately 9.9 GWh of electricity use, helping households save more than R40 million in energy costs.
Plentify executives said the fresh capital will support international pilots and broader market entry in regions that face similar grid challenges, including the United Kingdom, Australia and Brazil. The company’s strategy focuses on markets where renewable energy integration, grid congestion and load-matching issues are prevalent.
In statements accompanying the funding news, Plentify’s leadership described the Series A financing as validation of its energy-management model and investor confidence in its ability to scale technologies beyond South Africa’s borders at a time when global demand is rising for intelligent, demand-side energy solutions.
Analysts say the round reflects broader interest in climate-tech startups that leverage AI and smart-grid innovation to deliver cost savings, enhance energy reliability and support renewable integration in both emerging and mature energy markets.
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