UpEnergy Closes New Debt Investment from the Global Hearthworks Foundation

UpEnergy today announced a debt investment from the Global Hearthworks Foundation (GHWF), a non-profit organization that supports market-based enterprises involved in bringing improved cookstoves and sustainable fuels to consumers in the poorest parts of the developing world.

GHWF’s support of UpEnergy will offer working capital for inventory purchases and strengthen UpEnergy’s Ugandan distribution channel by allowing the company to invest in stronger partnerships and a sub-regional presence. This will result in lower distribution costs, thus improving sales margins and supporting long term growth and profitability. Read our press release here and coverage by VC4Africa here.

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