- Mobile Power Limited specialises in pay-per-use battery sharing technology to provide Nigeria with clean and affordable energy solutions.
Shell-funded independent impact investing firm, All On has announced a new investment deal. The firm is investing £1 million in Mobile Power Limited to grow its Pay-per-use battery-sharing platform in Nigeria.
Mobile Power provides clean and affordable energy to the off-grid market across sub-Saharan Africa through its innovative and affordable solutions, such as MOPO, an energy distribution platform. Solar-powered MOPO Hubs operate across sub-Saharan Africa, providing energy via pay-per-swap MOPO batteries for homes, businesses, and electric transport. The investment will enable Mobile Power to increase the growth of its pay-per-use battery-sharing platform in Nigeria.
Through the MOPO platform, customers can rent 50Wh-1000Wh lithium-ion batteries a day. Mobile Power’s current hubs in Nigeria are in Ekiti state and Ondo state, where it has deployed over 40 hubs. The company has powered 20,000 households and 1,000,000 rentals since it commenced operations in 2021. All On’s investment will help execute Mobile Power’s plans to increase its current deployment numbers across Nigeria.