Member - MPower Ventures
MPower is a start-up that provides small- and medium-scale solar energy solutions in emerging markets.
About
MPower revolutionises energy access in emerging markets by providing SME's and households with medium and small-scale solar solutions.The team has built a B2B platform to deliver green energy and cleantech products to Africans living in hard-to-reach and per-urban areas. As such, MPower combines cost effective, high quality solar products with affordable financing for end-users while optimizing operations for distributors using its inhouse software solution to make products accessible to all. We use a technology-agnostic sourcing model and offer our customers a wide range of high-quality product options that respond to their needs.
Key to scale is our software and data solution: Our software gives us increased control and insights into our partners’ operations, automates Customer Relationship Management (CRM), and reduces inventory costs by digitizing logistics management, thereby increasing operational efficiency.
We began operations in 2018 in Zambia, and have since expanded into 6 additional countries across Africa (Togo, Cameroon, Ganha, Namibia, Zimbabwe and Botswana). We work closely with distribution and financing partners in order to provide products and accessible financing to end users, and minimize credit risk. Up until today we have grown to be a team of 35 people across the different locations and are supported by leading stakeholders including responsAbility (TA Facility), the Technology Fund (debt) and we participate in Google for Startups’ Advisor program for SDG startups. Existing shareholder include South Pole, Innovationsfonds (Alternative Bank Schweiz), InnoEnergy and some leading angel investors.
MPower is financed through funds from South Pole, InnoEnergy, the Technology Fund, SIMA, REPIC, angel investors and the Innovation Fund of the Alternative Bank Schweiz. MPower is supported by various entities, such as responsAbility, Power Africa, Get Invest, IE Business School, venture lab, REPIC, Climate-KIC Accelerator, Venturelab Switzerland, and it won the Greentech Challenge. It was also awarded the Efficient Solution label from the Solar Impulse Foundation in April 2020 and secured a TA Facility by responsAbility AG. Furthermore, MPower has received funding from the Swiss Capacity Building Facility, the Austrian Development Agency or UK AID.
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Headquarters 8004 Zürich, Switzerland
SDG’s of application
The Sustainable Development Goals are a call to action to end poverty, protect the planet and ensure peace and prosperity everywhere.
SDG 6
Clean water and sanitation
SDG 7
Affordable and clean energy
SDG 9
Industry, innovation and infrastructure
SDG 11
Sustainable cities and communities
SDG 12
Responsible consumption and production
Efficient Solutions
Labelled Solutions from MPower Ventures
The Solar Impulse Efficient Solution label seeks to bridge the gap between ecology and economy, bringing together protection of the environment and financial viability to show that these solutions are not expensive fixes to problems, but rather opportunities for clean economic growth.
The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. To validate the Membership to the World Alliance for Efficient Solutions, the Solar Impulse Foundation only verifies that each entity is registered and has signed our principles and values stated in the following World Alliance for Efficient Solutions charter. For those Members who are also solution providers, this information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.
