M-KOPA is a mobile technology company based in Nairobi, Kenya. The company has established an innovative system to make life-changing energy solutions affordable to low-income customers. M-KOPA provides affordable solar-powered lighting and mobile charging to rural Kenyans on a pay-as-you-go basis, with payments conveniently sent via M-PESA (Kenya’s leading mobile money service). When customers have fully paid for the value of the solar product, they own the product and can continue to use it freely. The company was established in 2011 and commercial operations started in the summer of 2012.
The M-KOPA payment system based upon a pay-as-you go basis using mobile payments helps low-income consumers purchase products easily.
With its first product, a solar-powered home system, the company aims to address the energy needs of up to 300,000 low-income households.
Use of funds
To roll out product distribution across Kenya and eventually neighbouring countries.
- Investment size: € 240.000
- Type of capital: equity
- Investment since: 2010
- Co-investors and Partners:
Gray Ghost Ventures, DOEN Social Ventures Coöperatief, Acumen, LGT VP, Lundin for Africa, Shell Foundation
Investment manager: Hedwig Siewertsen