MPower Ventures, a Swiss-based climate fintech company, has raised $2.7 million in funding to accelerate the expansion of its solar energy solutions across Africa. The investment aims to enhance access to clean and affordable energy in underserved communities, reinforcing the company’s commitment to sustainability and innovation.
The funding round includes a €1.1 million (approximately $1.2 million) investment from the Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa), marking CEI Africa’s first co-investment with crowdfunding platforms. Additional capital was secured through crowdfunding campaigns on Klimja and Republic and contributions from angel investors.
Founded in 2017 by Manuel Seiffe (CEO), Gregor Nau (CFO), and Michael Eschmann (COO), MPower Ventures operates a business-to-business model, integrating hardware, software, and financing to distribute solar energy products across Africa. The company focuses on bridging the energy gap in regions with unreliable or non-existent electricity grids.
Before this round, MPower Ventures had secured $10 million in funding, including equity investments from the South Pole and InnoEnergy, along with debt financing from INOKS Capital and the Trade and Development Bank. The company has also benefited from grants provided by organizations such as USAID and GIZ for high-impact energy projects.
The newly acquired funding will be used to:
- Expand MPower’s distributor network
- Broaden its product portfolio
- Improve financing solutions to enhance energy accessibility
- MPower Ventures Secures $2.7m to Expand Solar Solutions Across Africa - 03/18/2025
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