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BioLite logo — Empowering people and protecting the planet through access t...

BioLite

Empowering people and protecting the planet through access to renewable energy.

Founded 2009 United States Brooklyn, United States 135 employees Debt Financing Total: $37.90M Energy, Manufacturing

General Information

Company Name BioLite
Founded Year 2009
Location United States Brooklyn, United States
Employees 135
Industries Energy, Manufacturing
Funding Stage Debt Financing
Social

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About BioLite

BioLite, founded in 2009, is a US-based startup that aims to empower people and protect the planet through access to renewable energy. The company's innovative consumer energy products cater to off-grid communities around the world. BioLite operates across two business segments. The first, Emerging Markets, focuses on addressing the energy needs of rural consumers in developing countries, particularly in East Africa and India. The company has developed the HomeStove™, an advanced, affordable, clean-burning stove that reduces indoor smoke by more than 90% and cuts fuel use in half while also generating electricity for charging cell phones and LED lights, providing economic incentives for its use. The second segment, Outdoor Markets, serves the energy needs of outdoor enthusiasts primarily in North America, Europe, and Asia, offering products such as the CampStove family and award-winning solar, battery, and lighting solutions. BioLite's last investment, a $5.30M Debt Financing round, was secured on 21 February 2023 from Mirova and SunFunder. With a strong focus on addressing energy poverty and environmental concerns, BioLite has positioned itself as an impactful player in the energy and manufacturing industries. For more information, visit BioLiteEnergy.com.

Business keywords: off-grid communities, clean burning stove, electricity generation, energy poverty, outdoor markets, emerging markets, sustainable energy, innovative consumer products, rural markets, social enterprise, health impact, off-grid energy solutions, consumer energy products

Funding Rounds & Investors (7)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $5.30M 2
Mirova SunFunder
Mirova, SunFunder
21 Feb 2023
Series F Undisclosed 1
Rose Park Advisors
Rose Park Advisors
30 Sep 2022
Series E $12.00M 3
Emerson Collective Rose Park Advisors KawiSafi Ventures
Emerson Collective, Rose Park Advisors +1
10 Mar 2020
Series D $8.61M 3
RRE Ventures Emerson Collective Rose Park Advisors
RRE Ventures, Emerson Collective +1
15 Jun 2018
Series C $5.16M 4
RRE Ventures Manta Ray Rose Park Advisors
RRE Ventures, Manta Ray +2
03 Feb 2017
Series B $5.00M 6
RRE Ventures Acumen Deutsche Bank
RRE Ventures, Acumen +4
28 Jul 2015
Series A $1.83M 2
Rose Park Advisors
Rose Park Advisors, Angel Investors LP
10 Apr 2011

BioLite Alternatives & Competitors

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FAQ About BioLite

Empowering people and protecting the planet through access to renewable energy.
BioLite was founded in 2009.
BioLite is headquartered in Brooklyn, United States.
BioLite operates in Energy and Manufacturing. Its work centres on off-grid communities, clean burning stove, electricity generation and energy poverty.
BioLite has approximately 135 employees.
BioLite has completed 7 funding rounds, raising a total of $37.90M. The latest funding stage is Debt Financing.
Top alternatives and competitors to BioLite include Solar Works Africa, Durga Energy, SABELLA, BoxPower, Nightpeak Energy. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
BioLite and Solar Works Africa are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for BioLite, https://bouncewatch.com/company/biolite, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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