All On has announced a further investment of £1 million in MOPO, a company offering innovative pay-per-use battery solutions to individuals and businesses in Sub-Saharan Africa. This additional funding will support the expansion of MOPO’s product line, particularly the rollout of the MOPOMax, a generator replacement battery designed for household and productive use applications.
The MOPOMax, with its 1,000Wh capacity, aims to address the energy access gap in Nigeria by providing reliable and affordable power to communities and unlocking economic opportunities for households, small businesses, and entrepreneurs. All On initially invested £1 million in MOPO in August 2022, deploying the MOPO50 battery in Ondo and Ekiti states. Following the successful achievement of key targets and strong customer adoption, All On has decided to increase its investment in MOPO.
Caroline Eboumbou, CEO of All On, expressed excitement about supporting the rollout of the MOPOMax, emphasizing its potential to impact and unlock greater economic opportunities for MOPO customers. She reiterated All On’s commitment to supporting companies innovatively addressing energy access challenges.
Christopher Longbottom, CEO of MOPO, highlighted its focus on expanding its pay-per-use rental model and securing financing options. The blend of grant, equity, debt, and management-oriented contracts will improve the financial matrix for investors while accelerating MOPO’s business model to deliver renewable energy to millions in Africa without reliable power infrastructure. With over US$12 million in capital, MOPO is poised to expedite its mission of providing clean and affordable energy solutions across the continent.
