NEWS

MOPO, a UK technology company at the forefront of sustainable energy access, has secured a £5 million investment from Norfund, the Norwegian Government’s international climate related fund. This latest commitment marks another major international endorsement of MOPO’s scalable, solar-powered battery rental model, already backed by Octopus Energy and British International Investment (BII).

With a presence in Nigeria, DRC, Sierra Leone, Liberia, Chad and Uganda, over 28 million rentals already completed, and operations continuing to scale, MOPO’s pay-per-use battery rental system provides households and businesses with clean, reliable power via solar charging hubs operated by local agents. Its two core products, MOPO50 for lighting, phone charging and small appliances, and MOPOMax for higher-load devices, generators, small businesses and e-mobility, are designed to replace expensive and polluting fossil fuel alternatives.

With a vast addressable market, as around one billion people in Africa still lack access to reliable electricity, and a proven product-market fit, MOPO is well-positioned for rapid expansion. The $75 billion-a-year petrol generator market, especially relevant for MOPO’s larger MOPOMax battery, is particularly primed for clean disruption.

Notably, MOPO has also recently attracted significant backing from Octopus Energy, the UK’s largest energy supplier, and British International Investment (BII), the UK Government’s development finance institution.

MOPO’s battery rental service is making a huge impact on lives in Sub-Saharan Africa where it already operates in six countries. Ibrahim Bangura, a MOPO customer in Sierra Leone, said, “MOPO has changed my life! We no longer struggle with unreliable, expensive energy, we have power exactly when we need it. The batteries are cheaper than petrol generators and we now have consistent affordable power that runs my fridge, helps my children study after dark, and allows me to run my business more reliably.”