Acumen | Companies -

Our Portfolio

OUR COMPANIES CREATE SUSTAINABLE SOLUTIONS THAT ENABLE THE POOR TO TRANSFORM THEIR LIVES

India

Greenway Grameen

Greenway Grameen

Providing rural customers across India with biomass-based cookstoves that use half the amount of fuel as traditional stoves

  • Sector
    Energy

  • Region
    India

  • Created with Sketch.

    First Year of Investment
    2015

The Challenge

Of the 3.1 billion people globally that primarily depend on solid fuels (wood, biomass, charcoal) for cooking, 839 million live in India, more than in any other country. This translates to 67 percent of households.

The burning of solid fuels have devastating effects on the environment and personal health, which disproportionately impacts the poor. In fact, they are responsible for more than four million premature deaths a year and contribute to deforestation.

Additionally, biomass has proven to be a costly energy source for the poor, who are often without a viable alternative.

The Innovation

Greenway Grameen Infra’s flagship stove uses unique airflow technology to yield higher temperatures, reducing fuel use up to 50 percent as compared to traditional cook stoves.

The company’s partnership and retail model addresses market distribution and financing issues to become a one-stop destination for low-cost, life-improving appliances.

The Impact

Greenway Grameen is projected to reach 3.3 million customers by 2020, impacting the lives of 16.9 million people living in poverty.

Currently, 75% of the company’s customers are from households with incomes of under $2.50 a day.

With higher thermal efficiency, fuel consumption is also reduced, increasing savings, productivity and lowering healthcare costs for customers.

Get Our Newsletter To Stay Up To Date