BURN Manufacturing, a prominent Kenyan clean cookstove manufacturer, secures over $12 million in funding led by Key Carbon Ltd. and supported by Cartesian. This investment will significantly aid BURN in expanding its reach and impact across Africa.
Extending Reach with Innovative Solutions: The funding will enable BURN to distribute electric cookstoves in Kenya, Tanzania, Uganda, and Zambia, alongside biomass stoves in Nigeria, Democratic Republic of Congo (DRC), Tanzania, and Mozambique over the next few years. These efforts aim to provide clean cooking solutions to areas where traditional fuels pose health, environmental, economic, and gender-related challenges.
Addressing Critical Issues in Sub-Saharan Africa: In sub-Saharan Africa, approximately 950 million people face significant challenges due to the use of traditional cooking fuels like firewood or charcoal. BURN’s electric and biomass stoves are designed to address these pressing issues by offering cleaner and more efficient alternatives.
Excitement for Impactful Change: Peter Scott, Founder and CEO of BURN, expresses excitement about the potential to reach an additional 1.5 million people with their innovative appliances. This underscores the company’s commitment to transforming lives and contributing to sustainable development in the region.
Proven Impact and Future Goals: BURN highlights its track record of positively impacting over 24 million lives since 2014 with its electric and biomass stoves. With the new investment, the company aims to extend its reach further, aiming to avoid over 12 million tonnes of carbon emissions in the next seven years.
Enhancing Affordability Through Carbon Financing: BURN plans to utilize carbon financing mechanisms to make its cookstoves more affordable for low-income households. This strategy aligns with the company’s goal of ensuring accessibility to clean cooking solutions for all segments of society.
Source: Techpoint