Takachar creates a network of waste management enterprises in Kenya that turn unmanaged agricultural residues into charcoal.
Business Model:
Revenue: $0
Employees: 1-10
Address:
City: Cambridge
State: Massachusetts
Zip:
Country: United States
Takachar creates a network of waste management enterprises in Kenya that turn unmanaged agricultural residues into charcoal, a low-cost, non-toxic, and eco-friendly cooking fuel for low-income households. They have developed a series of low-cost (US$20), locally manufacturable technologies to enable waste-to-char conversion, which has been tested and refined in Kenya for the past 3 years. Since 2011, They have set up or directly helped 7 nascent and locally run waste-to-charcoal enterprises in Kenya, some of which have since even demonstrated operational profitability and paying customers. So far they have created about 100 jobs and sold 50 tons of eco-char. Moving forward, they are trying to prove the long-term financial viability of these enterprises, which, if successful, will be the basis of a franchise network.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 8/2021 | Grant | 1 | $219.5k |
Massachusetts Clean Energy Center Massachusetts Clean Energy Center |
1/2011 | Non Equity Assistance | 1 | - |
MIT Venture Mentoring Service (MIT VMS) MIT Venture Mentoring Service (MIT VMS) |
10/2021 | Grant | 1 | $1.4M |
Earthshot Prize Earthshot Prize |
9/2012 | Grant | 2 | $65k |
Massachusetts Clean Energy Center MassVentures Massachusetts Clean Energy Center MassVentures |
4/2018 | Grant | 1 | $65k |
Massachusetts Clean Energy Center Massachusetts Clean Energy Center |
4/2022 | Grant | 2 | - |
Musk Foundation XPRIZE Musk Foundation XPRIZE |
5/2018 | Non Equity Assistance | 1 | - |
MassChallenge MassChallenge |
4/2022 | Grant | 2 | - |
Musk Foundation XPRIZE Musk Foundation XPRIZE |
5/2018 | Non Equity Assistance | 1 | - |
MassChallenge MassChallenge |
1/2011 | Non Equity Assistance | 1 | - |
MIT Venture Mentoring Service (MIT VMS) MIT Venture Mentoring Service (MIT VMS) |
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