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A b2b ecosystem to unlock the potential of solar in africa
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MPower Ventures
A b2b ecosystem to unlock the potential of solar in africa
Label Date
April 17, 2020
From
Switzerland
Maturity stage
TRL 9 / CRI 3-4 - Commercial Scale Up / Multiple commercial Applications
Addressing the lack of energy access and financial inclusion in emerging markets, Mpower partners with local entrepreneurs having an existing distribution network and customer base. The solution offers access to high-quality solar bundles for both off and on-grid segments, cost-effective financing and proprietary software to optimize operations. It's a 3-pillar solution: software, hardware & financing. MPower develops innovative payment schemes to mitigate credit risk for end-users, allowing to unlock the full potential of solar and clean energy in emerging markets.
The Environmental Benefits
- •Reduces CO2 emissions up to 250'000 t in only 3 years
The Financial Benefits
- •Average pay back time is 18 months
- •Savings up to 100 USD/year per household with one small lighting kit or solar battery
- •Reduces spendings on lighting from 10% to 2% of household's income
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MPower Ventures
MPower is a start-up that provides small- and medium-scale solar energy solutions in emerging markets.
Headquarters
8004 Zürich, Switzerland
Type
Startup or self-employed
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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. 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. The innovator MPower Ventures has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.