Plentify, the South African electrotech company using AI-driven hardware and software to connect home appliances has closed an oversubscribed Series A round, bringing its total capital raised to nearly $15 million.

E3 Capital participated in the round, alongside Secha Capital, Buffet Investments, and other investors including Fireball Capital, Endeavor’s Harvest Fund, and Satgana.

By connecting everyday appliances such as water heaters, batteries, and solar inverters to the grid when power is cheapest and cleanest, Plentify helps households significantly cut costs, strengthen local infrastructure, and maximise the value of renewable energy.

E3 Capital's Managing Partner, Vladimir Dugin, highlights why Plentify is well positioned for expansion: “South Africa’s energy challenges created the perfect incubation ground for Plentify’s AI-led solutions. The team has built products capable of deployment in any market where energy needs and grid capacity are under strain.”‍

Following a period of rapid growth, Plentify has increased its deployments more than tenfold since its last raise in 2023. Its network now operates as a “virtual power plant” with close to 100 MWh of water heaters and batteries under management. The company is now preparing pilot projects in the UK, Australia, and Brazil bringing its proven, subsidy-free model to international markets.

Plentify CEO and Co-founder, Jon Kornik reflects on the milestone: “This round reflects both the confidence of our long-term     supporters and the belief of new partners who share our vision. It’s validation that what we’ve built in South Africa has relevance and that our approach to intelligent energy management is resonating with investors around the world.”‍

Plentify’s progress shows how African climate-tech is shaping global standards, and E3 Capital is proud to continue supporting their journey.

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About Plentify

Plentify is a smart energy company that makes affordable, reliable and clean electricity a reality for everyone. Based in South Africa and the United States, its well-rounded team of energy, data science, hardware, software and business experts - fuses advanced hardware, artificial intelligence and user-centric design to create smart home products that strengthen electricity systems for everyone. Visit https://plentify.io/ for more information.

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