What is MPOWERD?
MPOWERD is a company dedicated to developing and manufacturing groundbreaking micro-solar energy products. Its flagship product line, Luci®, consists of patented inflatable solar lanterns that are waterproof, shatterproof, and hold a charge for up to 12 hours. These versatile lanterns are designed for a wide range of uses, from outdoor recreation and emergency preparedness to home décor and celebrations. As a Certified B Corporation, MPOWERD is committed to social and environmental responsibility, aiming to make clean, reliable energy accessible globally, especially to the 3 billion people living without electricity.
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
Key Investors in MPOWERD
PPP
Public-Private Partnership
What's next for MPOWERD?
The recent major strategic investment signals a pivotal moment for MPOWERD, likely enabling the company to scale its manufacturing capabilities, expand its product distribution networks, and further its mission to combat energy poverty. This capital will be instrumental in accelerating MPOWERD's growth trajectory and solidifying its position as a leader in sustainable energy solutions. Future developments may include new product innovations and deeper market penetration in underserved regions.
See full MPOWERD company page
