The investment will support Mobile Power’s expansion efforts, particularly the roll-out of the MOPOMax, a high-capacity generator replacement battery designed for household and productive use applications. With a 1,000Wh capacity, the MOPOMax provides energy for lighting, phone charging, and various appliances, addressing critical energy access challenges in the region.
Caroline Eboumbou, CEO of All On, emphasized the company’s dedication to supporting innovative solutions that empower communities with sustainable energy options. She highlighted the alignment between Mobile Power’s pay-per-use model and All On’s goal of fostering a collaborative ecosystem within the renewable energy sector.
Christopher Longbottom, CEO of Mobile Power, expressed gratitude for the response from existing shareholders, including All On, noting that the additional capital will accelerate their business model and facilitate the delivery of renewable energy to millions across Africa with limited or unreliable power infrastructure.
Source: PUNCH