- Business model
- Waste to Energy
EDFI ElectriFI, together with Engie RDE and Co Capital, made a new investment of USD 600,000 in Sistema.bio, a farmer biodigester systems manufacturer, to help the company’s scale up and international expansion.
Contract signature date: Dec 2020
Country: Kenya, India, Latin America
Total ElectriFI Financing: USD 600,000 (EUR 492,000)
Environmental and Social Category: B
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
After an initial equity investment of USD 2 million in 2019, EDFI ElectriFI has now invested another USD 600,000 (convertible note) alongside existing investors Engie RDE and Co Capital, as well as new investors, to enable the company to continue its scale up and international expansion principally in Kenya and India.
Sistema.bio manufactures, sells, installs, finances and services a range of modular biogas digesters and accessories design for smallholder farmers. Since its inception in 2010 the company has installed over 13.500 units from hubs in Latin America, Kenya and India. Designed to serve farms from two to 200 cows, the product range varies in size from a single 6m³ biodigester, to a number of interconnected 40m³ units. With the biogas produced, an average household of five can do all its cooking with the smallest unit. Besides cooking, the larger systems can also be used for water or space heating and mechanical/electrical appliances such as a chaff cutter, water pump or milking machine.
- Number of beneficiaries
- Annual output (MWh/y)
- GHG avoidance (tCO2eq/y)
- Financial instrument
- USD 600K (EUR 492K)
- Kenya, India, Mexico
- Business model
- Waste to energy
- ElectriFI Global