Burnstoves

Company Overview

An estimated 600 million people in Sub-Saharan Africa have access to electricity. Despite nearly 80% of urban households being connected to the electrical grid, only 5% currently use electricity for cooking.

Their electric appliances are set to revolutionise cooking throughout Africa, presenting families with a more cost-effective and sustainable cooking solution.

In order to make these products accessible to low-income households, BURN has pioneered an innovative 'pay-as-you-cook' financing option.

Customers make a modest upfront deposit, followed by weekly payments to completion in less than a year.

Through their vast network of sales agents, their aim is to bring e-cooking appliances to 3 million African households by the end of 2026.

Burnstoves Impact and Mission

Clean Cooking is a key driver of the UN Sustainable Development Goals (SDG) success. The use of open fires and solid fuels for cooking is one of the world’s most pressing health and environmental problems, directly impacting close to half the world’s population and causing nearly 4 million premature deaths each year.

• The use of Jikokoa contributes to significant savings of time and money (on average $96/year per family) that can be utilized for other needs like education, healthcare, and income-generating activities.

• More than 800,000+ households benefit from BURN’s super fuel-efficient biomass appliances in East Africa.

• One Jikokoa reduces greenhouse gas emissions by up to 4.46 tons of CO2 per annum and therefore helps to combat climate change.

• BURN’s local manufacturing facility in Ruiru, Kenya employs more than 400 people. In addition, its operations have created 200+ jobs for sales, marketing, distribution, and monitoring staff.

• Jikokoa contributes to the reduction of indoor air pollution (smoke, particulate matter, and carbon monoxide), resulting in a decrease in respiratory diseases, headaches, and itchy eyes.

Current Investors

Investors of BURN Manufacturing include REALITES Group, Spark+ Africa Fund, Global Social Impact, General Electric, Overseas Private Investment Corporation and 3 more.

Burnstoves Growth Strategy

"We are excited to partner with Bettervest as we embark the most ambitious growth plans in our company history: expanding to new markets across Africa, increasing our production capacity and launching new product lines. "

This year alone BURN will manufacture and sell over 1.2 million stoves, employ over 1000 team members, and deliver life-changing impact to over 5 million customers. These all more than we have delivered in all previous years combined and just the beginning of our major scale-up across the African continent.

"Through our partnership with Bettervest and their unique crowd funding platform, we are grateful for the opportunity to utilize a key, timely source of capital for funding of our aggressive growth and to share our journey with an investor base committed to delivering environmental & life changing solutions like BURN."