WattWise

What WattWise does

WattWise is a Lagos-based energy management company that deploys IoT-enabled smart meters with GSM/LoRaWAN connectivity across all 36 Nigerian states, serving commercial institutions, residential estates, and solar/mini-grid operators. The platform combines proprietary smart metering hardware with software that delivers minute-by-minute consumption data, AI fault detection, multi-utility monitoring (electricity, solar, water, gas), net metering, battery State of Charge integration, instant alerts, and analytics dashboards for carbon tracking and ESG reporting. Named customers include Sonia Apartment, Providence Court, Ikosi Shopping Mall, and Hugo Property Management, with claimed outcomes of 25-40% customer energy cost savings, 530 MWh saved to date, and ₦108M+ in cumulative customer cost savings.

The company operates a Meter-as-a-Service commercial model that removes upfront hardware capital expenditure. Revenue is generated through usage-based pricing at 5-10% of customer energy tariffs, flexible monthly or annual subscriptions, and energy management consulting services. Go-to-market is sales-led direct enterprise field sales targeting universities, hospitals, office complexes, and multi-tenant residential estates, supplemented by digital self-service via mobile and web apps and a "Partner With Us" referral channel. The company reports 1,000+ active customers, 1,500+ deployed meters, 99.5% platform uptime, and 95% customer retention, and is privately held with a headcount of 1-10 employees.

Name

WattWise

Legal name

WattWise

Website

https://wattwise.ng

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

WattWise is a Nigerian IoT smart metering company serving commercial institutions, residential estates, and solar/mini-grid operators across all 36 states with a Meter-as-a-Service usage-based pricing model and AI fault detection.

Ownership category

akta.pro rank

Product category

Smart Energy Metering

NAICS

Totalizing Fluid Meter and Counting Device Manufacturing (334514)

SIC

Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Totalizing Fluid Meters & Counting Devices (3824)

akta.pro industry

PRIMARYEUADAFAA

AMI Smart Meters (Electric) & Meter Hardware

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Smart Grid & Advanced Metering Infrastructure (AMI)

SECONDARYEUANAIAA

Metering Hardware & Field Services (AMI/AMR meters, endpoints, installation, maintenance)

Energy, Utilities & Environment/Water & Wastewater Utilities/Customer Metering, Billing & Water Retail Services

SECONDARYEUADAFAF

Meter Installation, Exchange & Field Services

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Smart Grid & Advanced Metering Infrastructure (AMI)

SECONDARYEUADAIAC

AMI/Smart Meter Communications Networks (RF Mesh, PLC Backhaul, Cellular)

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Grid Communications Networks (Fiber, RF Mesh, LTE/5G)

SECONDARYEUADAFAM

Meter-to-Cash / Billing & CIS Integration for AMI

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Smart Grid & Advanced Metering Infrastructure (AMI)

SECONDARYEUAEANAI

Grid Data & Analytics Enablement (MDM, Data Integration, Hosting)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Smart Grid Infrastructure Services

SECONDARYEUANAKAC

Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW)

Energy, Utilities & Environment/Water & Wastewater Utilities/Non-Revenue Water (NRW) Reduction & Leak Detection

Keywords

• Smart energy metering
• Energy management software
• IoT energy monitoring
• Energy efficiency services
• Multi-utility metering

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Meter-as-a-Service Hardware: IoT-enabled smart meters with GSM/LoRaWAN connectivity deployed to customers. Hardware provided under Meter-as-a-Service model with no large upfront capital expenditure required from customers.
2. Usage-Based Subscription: Pay-as-you-use pricing model where customers pay 5-10% of their energy tariff. No vending or traditional payment required - automatic usage-based billing.
3. Flexible Subscription Plans: Monthly or annual subscription plans with predictable costs for customers preferring fixed budgeting over usage-based pricing.
4. Energy Management Consulting: Comprehensive energy audits, efficiency consulting, carbon footprint tracking, and ESG reporting services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

WattWise deploys IoT-enabled smart meters with GSM/LoRaWAN connectivity backed by proprietary software that delivers real-time, minute-by-minute monitoring of electricity, solar, water, and gas consumption. The Meter-as-a-Service offering combines hardware deployment with a multi-utility software platform featuring AI fault detection, instant alerts, and analytics dashboards. Services target commercial facilities, residential estates, and solar/mini-grid operators in Nigeria, sold via usage-based subscriptions (5-10% of energy tariff) and flexible monthly/annual plans.

Product overview

WattWise offers a unified IoT-enabled smart metering platform that combines hardware (smart meters with GSM/LoRaWAN connectivity) and proprietary software to transform energy from an invisible expense into a controllable resource. The platform integrates six core components: Smart Meters, AI Fault Detection, Mobile & Web Apps, Multi-Utility Platform, Instant Alerts, and Analytics Dashboard. These are delivered as a comprehensive solution targeting four service segments: Commercial & Institutional, Residential Estates, Solar & Mini-Grid Metering, and Energy Management. The company operates under a Meter-as-a-Service model with usage-based pricing and flexible subscriptions.

Differentiator

Problem solved

Functional benefit

Products and services

• IoT Smart Meters (Meter-as-a-Service) Advanced smart meters with GSM/LoRaWAN connectivity for real-time data transmission and minute-by-minute energy consumption tracking across electricity, solar, water, and gas. Provided to customers under a Meter-as-a-Service model with no large upfront capital expenditure.
• WattWise Mobile & Web Application Mobile and web apps providing user-friendly dashboards with real-time consumption data, costs, and optimization opportunities for customers to monitor their energy usage and complete transactions.
• Commercial & Institutional Energy Management Smart metering service for universities, hospitals, office complexes, and commercial facilities featuring real-time monitoring, fault detection, and demand-side management aimed at reducing energy costs by 25-40%.
• Residential Estate Sub-Metering Tenant-level metering service for multi-tenanted residential estates and communities offering fair billing, energy theft detection, and transparent consumption tracking to eliminate disputes and reduce waste.
• Solar & Mini-Grid Metering Specialized metering service for commercial and industrial solar installations and mini-grids providing net metering capability, battery State of Charge integration, and correlation of solar generation with consumption patterns.
• Energy Management & ESG Consulting Comprehensive energy audits, efficiency consulting, carbon footprint tracking, and ESG reporting services providing data-driven insights to optimize operations and achieve sustainability goals.

Quantifiable outcome

• 25-40% energy cost savings for customers
• +6 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• M-KOPA: M-KOPA is a leading PAYG solar home system provider in East Africa with embedded smart metering and remote monitoring. Comparable through its IoT metering on solar assets and subscription pricing model, though its primary focus is residential PAYG solar rather than C&I estates.
• BBOXX: BBOXX provides PAYG solar with smart metering and remote asset monitoring across Sub-Saharan Africa. Comparable to WattWise on IoT metering on distributed energy assets, though focused on off-grid residential rather than grid-connected commercial estates.
• Equatorial Power: Equatorial Power develops distributed energy and metering solutions for commercial and industrial customers in West Africa. Comparable on AMI metering for C&I and multi-tenant properties in the same regional market WattWise serves.

Broad incumbents

• Itron: Itron is a global leader in AMI smart metering and energy data management for utilities and emerging-market energy providers. Comparable as a broad incumbent in the same product category, though it serves larger utilities and does not specialize in Nigeria's mid-market commercial/residential estate niche.
• Landis+Gyr: Landis+Gyr is one of the largest global smart metering and grid management solution providers. Comparable on AMI hardware and metering analytics platform, but operates at utility scale rather than WattWise's C&I/estate focus.
• Schneider Electric: Schneider Electric offers energy management software, smart metering, and building energy optimization as part of a much larger portfolio. Comparable on the energy management / analytics layer and on addressing commercial/institutional customers, though it is a broad industrial incumbent rather than a Nigerian AMI specialist.

Direct peers

• Kamstrup: Kamstrup is a Danish smart metering manufacturer with strong presence in European, Asian, and African utility markets. Comparable as a direct smart-meter hardware and AMI platform competitor, though typically serving larger utilities than WattWise's mid-market focus.
• SparkMeter: SparkMeter provides smart metering hardware and software for distributed energy providers and mini-grids in emerging markets, especially Africa. Directly comparable to WattWise on IoT-enabled metering, AMI platform, and target customer profile (C&I solar, mini-grid operators, residential estates).
• Steama.co: Steama.co builds smart meters and cloud energy management software for off-grid and mini-grid operators across Africa and Asia. Highly comparable to WattWise on AMI hardware + SaaS revenue model, multi-utility focus, and emerging-market energy-access customer base.

Regional players

• Husk Power Systems: Husk Power Systems operates mini-grids with smart metering across rural Nigeria, Tanzania, and India. Comparable as a regional African energy platform that relies on AMI metering for revenue assurance, though its primary focus is mini-grid generation rather than metering-as-a-service.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/wattwise-ng

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WattWise