Spinel copper manganese oxide nanoparticles combined with acid-treated multi-walled carbon nanotubes (CuMn₂O₄/MWCNTs) were used in the development of electrodes for pseudocapacitor applications. The CuMn₂O₄/MWCNTs preparation involved initial synthesis of Mn₃O₄ and CuMn₂O₄ precursors followed by an energy efficient reflux growth method for the CuMn₂O₄/MWCNTs. The CuMn₂O₄/MWCNTs in a three-electrode cell assembly and in 3 M LiOH aqueous electrolyte exhibited a specific capacitance of 1652.91 F g⁻¹ at 0.5 A g⁻¹ current load. Similar investigation in 3 M KOH aqueous electrolyte delivered a specific capacitance of 653.41 F g⁻¹ at 0.5 A g⁻¹ current load. Stability studies showed that after 6000 cycles, the CuMn₂O₄/MWCNTs electrode exhibited a higher capacitance retention (88%) in LiOH than in KOH (64%). The higher capacitance retention and cycling stability with a Coulombic efficiency of 99.6% observed in the LiOH is an indication of a better charge storage behaviour in this electrolyte than in the KOH electrolyte with a Coulombic efficiency of 97.3%. This superior performance in the LiOH electrolyte than in the KOH electrolyte is attributed to an intercalation/de-intercalation mechanism which occurs more easily in the LiOH electrolyte than in the KOH electrolyte.