M-Kopa Kenya Limited
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
M-KOPA is an asset financing platform that offers millions of underbanked customers access to life-enhancing products and services. The company provides solar home systems and appliances, cookstoves, smartphones and digital financial services on a ‘pay-as-you-go’ basis, enabling customers in Kenya, Uganda and Nigeria to access products that they would otherwise not be able to afford on a cash basis.
What is our funding objective?
The objective of this project is to test and scale electric motorbikes (e-bikes) as a new M-KOPA product line. This will be done through i) consultancy support on battery analytics and ii) piloting the ‘2nd Life Battery Buy Back’ scheme’, a facility that will be used by M-KOPA to re-purchase batteries, helping drive adoption of the-bikes.
Why do we fund this investment?
With the fast-growing e-mobility sector in Africa, FMO contributes to the opportunity to develop an e-bike program that supports M-KOPA to test and scale their e-bike portfolio, which can significantly reduce lithium-ion battery e-waste, thereby contributing to solutions to the climate crisis, while providing important savings to e-bike customers in Kenya.
More investments
| Date | Total FMO financing |
|---|---|
| 12/23/2022 | USD 15.00 MLN |
| 6/30/2017 | USD 5.50 MLN |
| 6/30/2017 | USD 5.50 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Energy
- Publication date
- 12/15/2022
- Effective date
- 12/9/2022
- Total FMO financing
- USD 0.15 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B