Sistema. Bio, a biodigester firm that produces biogas for thermal & mechanical energy and biofertilizer in Mexico, Colombia, Nicaragua, Kenya and India has announced that it has secured Sh1.2 billion to double down in Kenya.
The firm will use the funds to assemble bio-digester technology that will impact over 100,000 farmers in Kenya over the next three years.
The investment round was led by international investors ENGIE RDE, EU Electrifi Fund, Alpha-Munid, Triodos-Hivos Fund, Dila Capital, Eco-Enterprises among other impact and commercial investors.
According to Sistema Bio Co-Founder and Chief Executive officer, Alex Eaton:“Farmers can save a lot of money and through the use of the technology. Th can also improve their soils which will eventually improve production. Part of the reason as to why we started in Kenya is that this is a very dynamic market and its quick to adopt innovation, but we plan to expand to other East African countries in the near future.”
Sistema.bio is a prefabricated modular biodigester package that includes a full suite of biogas appliances and connections. Easy to install and use, the firm’s patented high efficiency biodigesters receive organic waste and transform into renewable biogas and a powerful organic fertilizer. The company provides its users with quality information, products, installation, training and service anywhere in the world.
According to the company, 400M Small holder farmers worldwide could use biodigesters to meet domestic energy and biofertilizer needs generating saving and increasing yields and incomes.
Biodigesters allow productive farmers and agribusiness to convert their waste into productive scale energy while reducing greenhouse gases.
The latest funding will help Sistema.bio expand its bio-digester technology reach in the country to more farmers in a move expected to create more employment opportunities for Kenya’s youth as well as providing education to farmers to increase their yields and income and support the global Sustainable Development Goals (SGDs) and the government’s Big Four Agenda.