- This investment brings All On’s total investment in Mobile Power to £2 million.
- The MOPOMax has a 1,000Wh capacity, offering 20 times more energy than the 50Wh smart MOPO50 battery.
All On has announced an additional investment of £1 million in Mobile Power (MOPO). This brings All On’s total investment in MOPO to £2 million. This expansion seeks to address the energy access gap in Nigeria, thereby empowering communities with reliable and affordable power to unlock economic opportunities.
All On says Nigeria can achieve its clean energy goals and ensure brighter, more sustainable futures for all its citizens. In August 2022, All On invested £1 million in MOPO and deployed its MOPO50 in Ondo and Ekiti states.
MOPO offers innovative pay-per-use battery solutions to individuals and businesses with no power infrastructure or unstable power in Sub-Saharan Africa. According to Caroline Eboumbou, the Chief Executive Officer of All On, MOPO’s pay-per-use model has proven to be a successful solution for providing clean and affordable energy to underserved communities.
Furthermore, the new investment will support the expansion of MOPO’s product line with the rollout of MOPOMax, a generator replacement battery designed for both household and productive use applications. The MOPOMax has a 1,000Wh capacity, offering 20 times more energy than the 50Wh smart MOPO50 battery.
This battery also provides household energy for lighting, phone charging and Direct Current appliances. MOPOMax will cater to a broader range of users, including households, small businesses and agripreneurs.
The Chief Executive Officer of MOPO, Christopher Longbottom, said, “We have been delighted with the response from existing shareholders, including All On, who recognise the inherent opportunity for our offering in Africa. Importantly, we now have over US$12 million in capital to expedite our business model and deliver renewable energy to the millions in Africa with no or unstable power infrastructure.”