Introduction
In a significant stride towards enhancing clean cooking solutions across Africa, BURN Manufacturing, a pioneering force in clean cookstove production, has secured a monumental $12 million investment from Key Carbon Ltd, one of its prominent investors. This infusion of funds marks a pivotal moment in BURN's journey, opening avenues for expansion and impact across the continent.
Catalyzing Change: The Investment Landscape
The $12 million investment, facilitated by Key Carbon Ltd., represents a strategic partnership aimed at driving the adoption of clean cooking technologies in key African markets. With a focus on both electric and biomass cookstoves, BURN endeavors to address pressing energy and health challenges in countries such as Kenya, Tanzania, Uganda, Zambia, Nigeria, DRC, and Mozambique.
A Visionary Collaboration
The investment stems from a transformative deal between Key Carbon Ltd. and Cartesian, a global private equity firm renowned for its investments in innovative projects. This collaboration, announced on March 21st, underscores a shared commitment to leveraging carbon credits to finance the production and distribution of low-emission cookstoves across Africa.
Empowering Communities: BURN's Mission
Since its inception in 2014, BURN Manufacturing has been driven by a noble mission: to reduce emissions from cooking and enhance the quality of life for vulnerable communities in developing countries. Through relentless innovation and extensive research and development efforts, BURN has emerged as a trailblazer in producing thermally efficient and affordable cookstoves.
Recognizing BURN's Impact
According to Luke Leslie, CEO of Key Carbon Ltd., BURN's cookstoves stand out for their unparalleled efficiency and durability in the market. With a steadfast commitment to quality and sustainability, BURN has established a strong foothold in Kenya and beyond, selling over 4 million cookstoves and generating over 20 million tons of emissions savings to date.
Charting a Sustainable Future
As Key Carbon continues to spearhead investments in the Voluntary Carbon Market, BURN Manufacturing remains at the forefront of the clean cooking revolution. With a vision to transform household energy consumption and improve livelihoods, this collaboration signifies a crucial step towards building a more sustainable and equitable future for all.
Looking Ahead: Ambitious Goals
With the infusion of $12 million in funding, BURN is poised to scale its operations and impact, bringing clean cooking solutions within reach of millions of households across Africa. As the company embarks on this transformative journey, it remains steadfast in its commitment to driving positive change and fostering sustainable development on the continent.
