The Foundation for Clean Energy and Energy Inclusion for Africa (CEI Africa) has received final investment committee approval to invest equity in MPower Ventures AG (MPower) alongside the crowdfunding platform Republic, investing up to 100% of the funds raised (capped at EUR 750k) from the platform. MPower has recently launched a campaign on Republic to raise EUR 1 million.

MPower will use CEI Africa’s contributions towards its 3-pillar growth strategy, which includes:

• Expanding the distributor network: MPower is actively increasing its reach by partnering with local distributors who share its vision for sustainable energy. This expansion ensures that clean energy solutions are available in even the most remote areas.
• Diversifying the product portfolio: Recognizing the varied needs of its customers, MPower is committed to broadening its range of solar products and cleantech appliances. This diversification not only meets current demands but also anticipates future market trends.
• Enhancing financing offerings: By providing innovative financing solutions, MPower aims to break down financial barriers that often hinder access to clean energy. This initiative supports both individual consumers and small to medium enterprises (SMEs), promoting financial inclusion across communities.

Manuel Seiffe, co-founder and CEO of MPower, said “At MPower we are convinced that solar energy, coupled with finance solutions, is one of the most effective ways to boost economic development in Sub-Saharan Africa and fight energy poverty. We are excited about CEI Africa’s trust and support and looking forward to working together.”  

MPower’s innovative approach to bridging the energy gap in underserved markets aligns perfectly with CEI Africa’s mission to fight energy poverty and foster clean energy. Their dedication to providing clean, affordable energy solutions will drive sustainable impact across sub-Saharan Africa, and CEI Africa is excited to support their growth, generating tangible impact for rural households and SMEs and catalysing private retail investment into the sector through crowdfunding.

For more information, please contact info@cei-africa.com.

About MPower:

MPower is accelerating access to clean energy through its B2B2C platform, dedicated to providing affordable solar energy solutions to underserved countries in sub-Saharan Africa. At the heart of MPower’s mission is its commitment to empower businesses and communities by making high-quality solar products accessible to all. MPower is poised to provide over 100,000 people with sustainable and reliable energy, preventing 32,000 MT of CO2 emissions and empowering 27,000 SMEs and 20,000 households across Africa by 2026. The company’s platform offers accessible financing, bridging the energy gap for those who need it most.

About Republic:

Republic Europe, formerly Seedrs, is a leading global investment platform for community finance, empowering everyone to build a portfolio of meaningful investments.

About CEI Africa:

CEI Africa was established by KfW on behalf of the German Federal Ministry for Economic Cooperation and Development in 2021 to improve access to energy for rural households and enterprises in Sub-Saharan Africa. In 2022 the Swiss Development Cooperation (SDC) joined as a contributor to CEI Africa. The managing consortium of CEI Africa works with financers, off-grid solar and mini-grid experts, to develop investment solutions that bridge the financing gap in the most challenging access to energy sub-sectors. CEI Africa is managed by Triple Jump B.V., Persistent, and GreenMax Capital Group.