At Light Eagle, we place great emphasis on the role of intentionality in our investment strategy. For every direct investment we make, we craft a personal intention statement and share this with the Founders.
We view our initial intention as both a navigational tool and a standard against which we can hold ourselves accountable.
Here's our intention letter for investing in MPower:
"We invested in MPower because the team has built something genuinely hard to replicate: a vertically integrated clean energy platform serving C&I clients, SMEs, and households across Sub-Saharan Africa, with its own sourcing hub, proprietary software, and embedded financing capabilities. Critically, this isn't a concept — the model is proven. They are EBITDA positive in their first markets, have completed over 40 projects spanning agriculture, mobility, health and education, and have demonstrated that the unit economics work across multiple geographies. What they need now is scale capital, not validation.
What often gets underappreciated is that energy access in Africa isn't just a climate story, it's a human development story. Reliable power enables healthcare centers to refrigerate vaccines and operate after dark, children to study safely, entrepreneurs to run refrigeration and machinery, and previously unbanked communities to access formal credit for the first time. MPower has already touched over 116,000 people and supported more than 20,000 in financial inclusion — with a credible path to 200,000+ SMEs served by 2029. Every dollar we invest here is funding the precondition for a functioning economy, not just a solar panel.
There's also a compelling capital structure dynamic: the equity being raised now is directly linked to unlocking a significant multilateral debt facility currently in late-stage due diligence — meaning each dollar of equity has the potential to catalyze multiples more in institutional debt capital. The Swiss operational base combined with on-the-ground execution across Zambia, Ghana, Togo, Cameroon and Namibia gives it a structure that most competitors lack. Manuel and the team have been transparent throughout, including on the hard parts. That's what made our decision easy."