Igniting Innovation: KOKO Networks Secures $10M to Revolutionize Urban Cooking Fuel Access

KOKO Networks is thrilled to announce the successful closing of a $10,000,000 funding round that will fuel the company’s ambitious expansion and innovation efforts in both East Africa and India. As a venture-backed technology company, KOKO Networks is revolutionizing access to essential consumer goods and services in urban communities by deploying a network of cloud-connected KOKOpoints in local corner stores. This breakthrough approach not only brings technology to neighborhoods that have traditionally been underserved but also transforms these everyday spaces into vibrant hubs of opportunity and economic growth. The fresh capital injection will specifically be used to scale the deployment of these KOKOpoints, thereby broadening the reach of the company’s cutting-edge solutions. At the heart of its portfolio is a pioneering consumer solution—a liquid ethanol cooking fuel that is set to transform the multi-billion dollar urban cooking fuel market. By delivering a solution that is both cost-effective and quality-enhancing, KOKO Networks is addressing longstanding challenges in urban cooking, providing households with a cleaner, more affordable fuel alternative. This initiative is powered by a strategic operating partnership with Vivo Energy, a major player in Africa’s fuels distribution market under the Shell brand, ensuring efficient and wide-reaching delivery of products to end users. The new funds will also support technology upgrades, operational scaling, and market expansion initiatives that underpin KOKO Networks’ long-term vision. As the company continues to drive sustainable change through technology and innovation, this funding marks a pivotal milestone in its journey to improve lives and foster community resilience in rapidly growing urban environments.