MOPO, a UK-based technology company specialising in sustainable energy solutions through pay-per-use battery rentals, is to step up the expansion of its battery rental business in the Democratic Republic of Congo (DRC)
The company has identified the DRC as a key growth market in its roll-out strategy. It says it hopes to revolutionise access to sustainable energy for millions of households and businesses across both urban and rural communities in Africa who suffer from unstable or no grid infrastructure.
The latest move in the DRC follows a new round of funding into MOPO from British International Investment (BII), the UK’s development finance institution.
“At MOPO, our mission is to create a high-impact, sustainable solution that empowers households and small businesses by providing access to electricity without the burden of costly upfront equipment purchases,” said Chris Longbottom, MOPO's CEO.
“This partnership aligns perfectly with BII’s mandate to finance initiatives that drive social and economic development. Together, we aim to make clean, affordable energy accessible to those who need it most, fostering growth within the communities we serve.”
MOPO launched its operations in the DRC in Q2 2024 and already operates across six cities. The financing secured from BII’s Climate Innovation Facility is expected to enable it to triple its service capacity in the DRC within the next 12 months. The funding will help the company reach over a million people in the DRC.
The company offers two types of battery rentals: the compact MOPO50, ideal for lighting, phone charging and powering DC appliances, and the larger MOPOMax, designed to power larger 230V appliances, replacing petrol generators or serve as a battery swap solution for e-motorbike taxis.
Customers rent, return and replace these MOPO batteries on a pay-per-use basis at MOPO’s solar-powered hubs, which are managed by local agents. This approach enables families and small businesses to access affordable electricity without the need for costly upfront investments in equipment or the need for consumer debt burdens, MOPO said in a statement. Furthermore, it provides a cleaner and significantly more cost-effective alternative to carbon-based fuel generation, it added.
In the DRC, the expansion of easily-available power is critical with less than 17% of the population currently having access to electricity. The World Bank ranks the DRC among the 10 least electrified countries globally.
“We recently achieved a significant milestone, surpassing 23 million rentals across sub-Saharan Africa, with the DRC emerging as one of our key growth markets,” said Longbottom.
“With a population exceeding 100 million and over 80% lacking access to electricity, the need in this country for our service is both compelling and substantial. This financing from BII marks the beginning of what we envision as a long-term partnership, enabling us to accelerate our ambitious growth strategy in the DRC and make a transformative impact on the lives of millions by delivering reliable and affordable energy solutions.”
Lord Collins of Highbury, UK Minister for Africa said the “innovative” partnership between BII and MOPO demonstrates how UK expertise and investment can unlock sustainable growth in Africa.
“By bringing reliable, clean energy solutions to households and businesses, we're driving green development while creating opportunities for UK and African businesses alike. This is part of the UK’s approach to working with African partners to tackle climate change and boost economic prosperity through smart, sustainable technologies.”