STARTUP
MPower Ventures AG
MPower, a Swiss-based fintech & impact startup, addresses the challenge of energy access and financial inclusion in emerging markets. Through a B2B2C partnership model, we enter into agreements with local entrepreneurs and SMEs to distribute clean energy products to off-grid or under-electrified households and SMEs. We provide our partners with (1) plug & play, affordable solar bundles, (2) access to financing solutions, and (3) our software platform which digitizes operations and collects data.
MPower Ventures's Story
While working on financial inclusion and renewable energy projects in Africa from 2014 to 2017, Michael and Manuel (two of our co-founders) experienced the challenges of energy access and financial inclusion. They realized that – based on their experience and expertise – they could provide a scalable and effective solution when applying the right business model. Abundant solar resources in Africa, coupled with declining prices for solar technology and storage, make decentralized solar the predestined alternative to fossil fuel energy products today. The three co-founders are convinced of the growth potential of Africa and also strongly believe in the potential of the private sector to create sustainable value and economic growth in emerging markets (rather than only NGOs and other non-profit organizations).