BURN is a Kenyan-based startup with a compelling vision encapsulated in its slogan, "Creating a world where cooking positively impacts all life on earth." Since its establishment in 2011 , the company has been dedicated to developing the world’s most efficient biomass, liquid fuel, and electric cookstoves that aim to revolutionize cooking and its environmental impact. With an emphasis on sustainability, BURN has positioned itself as the largest vertically integrated modern cookstove company globally. Its operations span over 10 countries in Africa and are powered by a world-class R&D and manufacturing facility based in Kenya. The company takes pride in its team, comprised of 50% women , who collectively produce and sell over 200,000 stoves per month at its solar-powered facility. Founder and CEO, Peter Scott, is widely recognized as a global leader in cookstove commercialization. BURN has garnered acclaim for its innovative solutions and significant environmental and social impact. Awards from Bloomberg New Energy Finance, Global Leap, and Ashden International testify to the company's influential standing. The company recently secured a $10.00M Debt Financing investment on 27 October 2023 from the Africa GoGreen Fund. This substantial investment attests to the confidence in BURN’s mission and demonstrates its potential to effect positive, measurable change for people, forests, and the climate. BURN prides itself on being an equal-opportunity employer committed to creating an exceptional workplace. The company's dedication to driving impactful change has cemented its position as an inspiring and promising player in the manufacturing sector. For those looking to be part of this transformative journey, a visit to BURN/careers offers the opportunity to join a world-class team dedicated to making a difference.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | $12.00M | 2 | Key Carbon | 28 Mar 2024 |
Debt Financing | $10.00M | 1 | 27 Oct 2023 | |
Debt Financing | $4.00M | 1 | 30 May 2022 | |
Debt Financing | $100.00K | 1 | bettervest GmbH | 01 Aug 2021 |
Venture Round | Unknown | 1 | Yunus Social Business | 27 Sep 2019 |
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