MPower Ventures AG has secured $2.7 million in a funding round to expand solar solutions across Africa. The funding round was supported by the Foundation for Clean Energy and CEI Africa alongside crowdfunding platforms Klimja and Republic.
MPower Ventures AG has secured $2.7 million in a funding round to expand solar solutions across Africa. The funding round was supported by the Foundation for Clean Energy and CEI Africa alongside crowdfunding platforms Klimja and Republic.
03/17/25, 7:54 PM
Location
zurichMoney raised
$2.7 million
Industry
manufacturing
solar
renewable energy
energy
Investors
Republic, Klimja, Energy Inclusion For Africa (Cei Africa), Foundation For Clean Energy
Climate fintech MPower Ventures AG has secured $2.7 million in a funding round aimed at accelerating its expansion across West and Southern Africa. The funding, structured as a combination of equity and subordinated debt, will enable MPower to expand its distributor network and enhance its product portfolio. CEI Africa has pledged €1.1 million ($1.2 million) as part of the fundraising effort. The capital raised will improve access to clean energy in regions with unreliable electricity grids.
Company Info
Location
zurich, zurich, switzerland
Additional Info
MPower Ventures AG is a climate fintech that focuses on delivering small- and medium-scale solar energy solutions across West and Southern Africa. Established in 2017, the company operates a B2B model integrating hardware, software, and financing to provide solar products to households, small businesses, and agribusinesses. With a strong emphasis on financial innovation, MPower aims to tackle energy poverty and improve access to clean energy. To date, the company has sold over 50,000 solar products across seven African countries.