The Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa) is excited to announce a significant investment of EUR 1.1 million in MPower Ventures AG. This investment is structured through a combination of equity and a subordinated loan, in collaboration with crowdfunding platforms Klimja and Republic. This marks CEI Africa’s inaugural investment alongside these crowdfunding platforms.
The investment is part of MPower’s ongoing crowdfunding campaign, which has successfully raised EUR 795,000 on Klimja and EUR 1.7 million on Republic, including contributions from angel investors. MPower is a pioneering climate fintech company that is transforming energy access by providing small and medium-scale solar energy infrastructure in developing countries. By employing a business-to-business (B2B) model that integrates hardware, software, and financing solutions, MPower is able to turn accessibility and impact into profitability.
The capital raised will be utilized to support MPower’s growth initiatives, which include expanding its distributor network, diversifying its product offerings, and enhancing its financing solutions. This strategic allocation of funds will ensure that clean energy solutions effectively reach the intended customers. Additionally, MPower plans to diversify its product portfolio to align with the evolving needs of customers and emerging market trends.
MPower Ventures specializes in financing and distributing small to mid-capacity solar products while providing essential knowledge, software, and financing solutions to its network of solar installers, distributors, and large clients, including major private companies. The company’s business model encompasses four key areas: (1) smaller solar systems, (2) backup systems, (3) small-scale Commercial & Industrial (C&I) projects, and (4) productive use equipment and e-mobility. MPower offers both inventory and consumer financing to its B2B partners and clients.
With over 50,000 solar products and appliances sold across seven countries—Zambia, Cameroon, Togo, Ghana, Namibia, Botswana, and Zimbabwe—MPower is now focused on scaling its operations in West and Southern Africa. The company aims to target markets characterized by unreliable or non-existent grid infrastructure, catering to households and small to medium-sized enterprises (SMEs), particularly in the agribusiness and service sectors.
CEI Africa’s funding will play a crucial role in supporting MPower as it scales its operations and broadens its product portfolio, ultimately driving sustainable energy adoption across the African continent. Manuel Seiffe, co-founder and CEO of MPower, expressed his enthusiasm, stating, “At MPower, we are convinced that solar energy, coupled with financial solutions, is one of the most effective ways to boost economic development in Sub-Saharan Africa and combat energy poverty. We are excited about CEI Africa’s trust and support and look forward to collaborating. There is no doubt that CEI Africa’s match funding has catalyzed additional funding for MPower, which is crucial for our growth and expansion plans.”
Steven Evers, a member of the Executive Board of CEI Africa, added;
With CEI Africa’s support, we are excited to see MPower expand its impact across West and Southern Africa, bringing reliable, off-grid solar solutions to households and businesses in underserved markets. This additional funding will enable MPower to scale its efforts to drive sustainable energy where it is needed most.
