mopo (Mobile Power)

mopo (Mobile Power)

A pay-per-use battery technology company revolutionising the supply of sustainable energy in Sub-Saharan Africa.

Founded 2013

Sheffield, United Kingdom 71 employees Venture round Total: $5.00M Energy, Clean Energy +1

Mobile Power is a pay-per-use battery technology company aiming to revolutionize the supply of sustainable energy in Sub-Saharan Africa. The company, founded in 2013 and headquartered in the United Kingdom, offers a unique solution to the challenge of providing stable power infrastructure in an area where over 1 billion people lack access to reliable electricity. MOPO operates by renting its proprietary MOPO Batteries from solar-powered recharging hubs managed by a network of local agents. Its product portfolio includes the MOPO50 battery, which offers basic household energy access for lighting, phone charging, and DC appliances, as well as the MOPOMax battery, designed to replace small petrol generators and serve as a battery swap for e-motorbike taxis. The company has garnered attention from investors, with its last funding round amounting to €3.00M from the Beyond the Grid Fund for Africa in January 2024. This substantial investment reflects the confidence of backers in MOPO's business model and the growing demand for its services in the region. MOPO's highly scalable model is addressing the demand for clean sustainable energy in Africa without relying on unaffordable consumer finance, as evidenced by its operations in Nigeria, DRC, Sierra Leone, Liberia, Chad, and Uganda, conducting over 6 million rentals annually. The company's expansion plans encompass rolling out its services across the continent, positioning it as a key player in meeting the energy needs of underserved communities in Africa.

Funding Stage	Amount	Investors	Lead Investors	Date
Venture Round	€3.00M	1	Beyond the Grid Fund for Africa	31 Jan 2024
Venture Round	£1.00M	1	All On	31 Aug 2022
Seed Round	£1.00M	1	Jonathan Seaton	01 Jan 2019
Non Equity Assistance	Undisclosed	1	Pitch@Palace	02 Nov 2016

Funding Stage

Amount

Investors

Lead Investors

Date

Venture Round

€3.00M

Beyond the Grid Fund for Africa

31 Jan 2024

Venture Round

£1.00M

All On

31 Aug 2022

Seed Round

£1.00M

Jonathan Seaton

01 Jan 2019

Non Equity Assistance

Undisclosed

Pitch@Palace

02 Nov 2016

FAQ About mopo (Mobile Power)

A pay-per-use battery technology company revolutionising the supply of sustainable energy in Sub-Saharan Africa.

mopo (Mobile Power) was founded in 2013.

mopo (Mobile Power) is headquartered in Sheffield, United Kingdom.

mopo (Mobile Power) operates in Energy, Clean Energy and Energy Efficiency. Its work centres on Pay-per-use model, Battery technology, Sustainable energy and Sub-Saharan Africa.

mopo (Mobile Power) has approximately 71 employees.

mopo (Mobile Power) has completed 4 funding rounds, raising a total of $5.00M. The latest funding stage is Venture round.

Top alternatives and competitors to mopo (Mobile Power) include Barefoot Power, KiteX. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.

mopo (Mobile Power) and Barefoot Power are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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