What is MPOWERD?
MPOWERD is a pioneering company dedicated to developing and manufacturing game-changing micro-solar energy products. Their flagship product line, the award-winning Luci® family of patented inflatable solar lanterns, offers a versatile and sustainable lighting solution. These lanterns are waterproof, shatterproof, and feature a built-in rechargeable battery, providing up to 12 hours of light on a single charge. MPOWERD operates as a Certified B Corporation, demonstrating a strong commitment to social and environmental responsibility by making clean, reliable energy accessible globally, including to the 3 billion people living in energy poverty.
How much funding has MPOWERD raised?
MPOWERD has raised a total of $1.1M across 2 funding rounds:
Debt
$700K
Debt
$350K
Debt (2013): $700K, investors not publicly disclosed
Debt (2020): $350K led by PPP
What's next for MPOWERD?
The recent major strategic investment signals a pivotal growth phase for MPOWERD. This capital is expected to fuel further expansion of their product development, enhance manufacturing capabilities, and broaden their market reach, particularly in regions with limited access to electricity. MPOWERD's focus on sustainability and accessibility positions them for continued success as global demand for clean energy solutions intensifies. The company's trajectory suggests a strong emphasis on scaling operations to meet the needs of both on-grid and off-grid consumers, as well as those in developing markets.
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