What is Burn Manufacturing?
Headquartered in Kenya, Burn Manufacturing operates as the world's largest vertically integrated modern cookstove company. The organization is dedicated to creating a sustainable future where cooking practices positively impact the planet. By controlling the entire value chain—from initial design and engineering to manufacturing and the implementation of carbon offset projects—the company ensures high-quality, efficient energy solutions reach consumers across 10 countries in Africa. Its market position is defined by its commitment to innovation in biomass and electric cooking technology, effectively bridging the gap between energy poverty and sustainable development.
How much funding has Burn Manufacturing raised?
Burn Manufacturing has raised a total of $32M across 4 funding rounds:
Debt
$27K
Unspecified
$12M
Other Financing Round
$15M
Other Financing Round
$5M
Debt (2021): $27K with participation from PPP
Unspecified (2024): $12M led by Key Carbon and Cartesian Capital Group
Other Financing Round (2024): $15M supported by European Investment Bank
Other Financing Round (2025): $5M featuring ElectriFI and EDFI Management
Key Investors in Burn Manufacturing
European Investment Bank
The European Investment Bank is the lending arm of the European Union, providing long-term financing for projects that support EU policy objectives, including sustainable energy and climate action.
Key Carbon
Key Carbon Ltd. specializes in financing high-impact climate projects, focusing on carbon capture, regenerative agriculture, and clean cooking solutions to help organizations achieve Net Zero goals.
Cartesian Capital Group
Cartesian Capital Group is a global private equity firm that leverages a disciplined investment philosophy to support the international growth of businesses operating in complex landscapes.
What's next for Burn Manufacturing?
With the recent capital injection, Burn Manufacturing is expected to deepen its penetration into existing markets while expanding its footprint in the electric cooking sector. The strategic focus will likely center on scaling production capacity to meet rising demand for clean energy alternatives, further integrating its carbon credit initiatives into its core revenue streams. As the company matures, it will continue to serve as a benchmark for how private sector innovation can address systemic challenges in energy access and climate change, potentially setting the stage for further expansion or long-term sustainability initiatives in the broader renewable energy landscape.
See full Burn Manufacturing company page
