Norfund has thrown its weight behind MOPO’s vision for inclusive energy access, committing £5 million to help the UK-based tech company expand its sustainable solutions across underserved regions.
This funding aims to accelerate the deployment of clean energy solutions across Africa, addressing the continent’s pressing energy access challenges.
As clean energy adoption continues to gain momentum globally, this partnership highlights the growing interest in innovative models like battery rentals to power underserved communities.
What is MOPO and its Mission in Clean Energy?
MOPO is a Sheffield-based technology firm specialising in sustainable energy access, particularly through innovative battery rental services.
Founded with a focus on bridging the energy gap in developing regions, the company provides affordable, pay-as-you-go battery systems that enable households and businesses to access reliable power without the high upfront costs of traditional solar setups.
By leveraging smart technology, MOPO’s solutions integrate seamlessly with renewable sources like solar panels, making clean energy more accessible and scalable.
The company’s approach is particularly tailored to Africa’s unique needs, where over 600 million people still lack access to electricity.
MOPO’s battery rental model allows users to rent high-capacity batteries on a subscription basis, reducing barriers to entry and promoting widespread adoption of green energy.
Prior to this latest funding, MOPO had already secured support from notable investors such as British International Investment (BII), underscoring its potential in the clean energy sector.
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Details of the £5M Investment from Norfund
The £5 million (approximately $6.7 million) investment from Norfund marks a key milestone for MOPO as it expands its operations in Africa.
Announced in early September 2025, this funding will primarily support the scaling of MOPO’s battery rental services, enabling the company to reach more remote and underserved areas.
The investment comes at a time when global efforts to combat climate change are intensifying, with a strong emphasis on transitioning to renewable energy sources.
Norfund’s commitment reinforces MOPO’s innovative model as a key solution to Africa’s clean energy challenges.
According to company statements, the funds will be used to enhance technology infrastructure, expand distribution networks, and increase battery production capacity.
This move is expected to create jobs, stimulate local economies, and reduce reliance on fossil fuels in regions prone to power outages.
Norfund’s Role in Supporting Sustainable Development in Africa
Norfund, established by the Norwegian government, is a leading development finance institution dedicated to investing in sustainable businesses in developing countries.
With a focus on creating jobs, improving lives, and supporting the net-zero transition, Norfund has a strong track record in clean energy and climate-related projects across Africa.
Recent investments include waste-to-value initiatives in South Africa and Mauritius, as well as expansions in renewable energy portfolios under its clean energy investment strategy.
By backing MOPO, Norfund aligns with its mission to promote private sector growth that delivers environmental and social benefits.
This investment not only provides capital but also brings strategic expertise in scaling operations in challenging markets.
Norfund’s involvement signals confidence in MOPO’s ability to deliver measurable impacts, such as reducing carbon emissions and enhancing energy security for millions.
Future Prospects for MOPO and Clean Energy Innovations
Looking ahead, MOPO plans to leverage this funding to innovate further, possibly integrating advanced features like AI-driven energy management and expanded partnerships with local solar providers.
The company aims to double its user base in the next two years, focusing on high-impact regions where energy poverty is most acute.
With backing from Norfund, alongside previous investors, MOPO is well-positioned to lead in the battery rental space.
This could pave the way for broader adoption of similar models, inspiring other startups to enter the clean energy market in Africa.
As technology advances and costs decrease, the future of sustainable energy looks brighter than ever.Stay tuned as MOPO continues to power Africa’s sustainable future.
Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, and digital finance at Africa Digest News.
