KOKO's mission is to imagine and deliver technology that transforms life in the world's fastest growing markets. We are doing this first with our clean fuel platform that delivers major outcomes for households, public health, air quality and tropical forest protection.
Today, our team celebrated another milestone, with our clean fuel and carbon platform now reaching over 400,000 household subscribers in Kenya.
Uptake of the KOKO Fuel solution has grown especially fast so far this year, with consumers responding well to this extremely affordable and safe modern solution - customers across Nairobi and Mombasa can access the next generation KOKO Cooker at less than half the price of competing modern solutions.
With demand across Kenya and beyond extremely strong, we're continuing to invest in scaling our operations across Kenya, while expanding Cooker production at our dedicated manufacturing facilities in Gujarat, India.
At the same time, with numerous emerging markets facing record high charcoal prices and negative social and environmental impacts from increasing deforestation, KOKO is also exploring new markets. This month, together with the Rwanda Development Board and Dalberg, we announced a $25m investment agreement with the Government of Rwanda to bring KOKO's proven technology to consumers across Rwanda in the world's first nation-wide clean fuel utility.
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