Mopo has secured a £5m investment from Norfund, the Norwegian Government’s investment fund with a mandate to create jobs, improve lives and support the transition to net zero in developing countries. This adds to backing from Octopus Energy and BII, signalling growing international momentum.
With operations in Nigeria, DRC, Sierra Leone, Liberia, Chad and Uganda, Mopo has already delivered over 28 million rentals and achieved around 300% year-on-year growth. Its pay-per-use battery rental system provides households and businesses with clean, reliable power via solar charging hubs operated by local agents.
The company’s products include Mopo50, designed for lighting, phone charging and small appliances, and MopoMax, for higher-load devices, generators, small businesses and e-mobility. Both are aimed at replacing expensive and polluting fossil fuel alternatives.
Mopo collaborates closely with The University of Sheffield, where its R&D team works on enhancing battery performance, reducing costs and improving efficiency, while ensuring a sustainable commercial model.
With around one billion people in Africa lacking access to reliable electricity, and a $75bn-a-year petrol generator market primed for disruption, Mopo is well-positioned for rapid expansion. The company has also recently attracted significant support from Octopus Energy and British International Investment, the UK Government’s development finance institution.
