Kenyan Cleantech Startup KOKO Secures Funding

Kenyan climate-tech startup has KOKO has raised an undisclosed amount of funding from Rand Merchant Bank (RMB).

KOKO replaces demand for charcoal through supplying homes with bioethanol cooking fuel distributed through a dense network of high-tech KOKO Fuel ATMs located in thousands of corner stores across urban Kenya. The generated carbon revenues are distributed among households as a non-government energy subsidy, facilitating the transition for even the most economically disadvantaged households.