BURN secures USD 15M investment from European Investment Bank to scale electric cooking in EA
BURN has secured a US$15 million investment from the European Investment Bank (EIB). The US$15 million investment was announced during the World Bank/IMF Annual Meetings in Washington. This funding will accelerate BURN’s efforts to manufacture and distribute its IoT-enabled ECOA electric cooking appliances to over 1 million households in East Africa. The ECOA Induction Cooker…