Envirofit International, Inc.

Based in Colorado, US, and founded in 2003 by co-founders Tim Bauer, Nathan Lorenz, Paul Hudnut, and Bryan Willson, Envirofit International, Inc. operates as a provider of portable stoves intended to reduce fuel use, smoke, and harmful emissions to individuals and communities looking for sustainable cooking solutions. In 2016, Bix Capital provided USD 3 million in debt financing, through multiple tranches, to Envirofit International, Inc. The company specializes in designing and manufacturing low-cost cooking solutions, primarily focused on improving efficiency and affordability for users in developing regions.

The company’s flagship products include the SmartSaver Wood Stove and the SmartSaver Charcoal Stove, both of which are intended to provide economic, health, and environmental benefits. These stoves are customer-tested technologies, addressing the challenges associated with traditional cooking methods, such as high fuel costs, excessive smoke production, and long cooking times. Envirofit has a presence in markets such as Ghana, Kenya, Burkina Faso, Mexico, and Myanmar. The revenue generation model for Envirofit is primarily driven through direct sales of its cooking stoves to consumers and partnerships with NGOs, governments, and businesses that facilitate broader distribution.

The company benefits from a transactional structure that includes collaborations with local stove entrepreneurs, who serve as customer service agents and retailers in their respective markets. The company's strategy includes targeting new markets in West Africa and Southeast Asia by the end of 2024.