UK Firm, MOPO Secures £5m For Energy Investment In Nigeria, Others

A UK technology company, MOPO, is currently at the forefront of sustainable energy access. It has secured a £5 million investment from Norfund, the Norwegian government’s international climate-related fund.

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—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 primed for clean disruption.

MOPO has 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.