Powerstove Energy
OperatingPowerstove Energy is a Nigerian startup which uses technology to deliver a smokeless, IoT-enabled cookstove that generates electricity.
- Renewable Energy
- Abuja, Nigeria
- Debt Financing
- Founded 2018
- powerstove.com.ng ↗
- Total raised
- $1.8M
- disclosed
- Last round
- $1.2M
- Debt Financing
- Rounds
- 7
- since 2018
- Investors
- 8
- on record
- Employees
- 2-10
About Powerstove Energy
Powerstove Energy is a Nigerian startup which uses advanced technology to deliver a superior smokeless, IoT-enabled cookstove that generates electricity.
Powerstove Energy funding7 rounds
All 7 rounds →Powerstove Energy has raised $1.8M across 7 disclosed rounds. The latest is a $1.2M Debt Financing announced 03 Jun 2026.
- $500KGrantGrant, $500K, $500K raised to date
- $50KConvertible NoteConvertible Note, $50K, $550K raised to date
- $50KGrantGrant, $50K, $600K raised to date
- $1.2MDebt FinancingDebt Financing, $1.2M, $1.8M raised to date
SLA Funding Index · grey is capital raised before each round · 3 undisclosed rounds not drawn
Who has invested in Powerstove Energy
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 03 Jun 2026 | Powerstove Energy Debt Financing | Cascador | $1.2M |
| 01 Dec 2022 | Powerstove Energy Grant | United States African Development Foundation (USADF) +1 | $50K |
| 05 May 2022 | Powerstove Energy Grant | Clean Cooking Alliance | Not disclosed |
| 11 Mar 2022 | Powerstove Energy Non-equity Assistance | Africa Startup Initiative +1 | Not disclosed |
| 21 Jan 2022 | Powerstove Energy Convertible Note | All On | $50K |
| 01 Nov 2021 | Powerstove Energy Grant | AFR100 | $500K |
| 12 Mar 2021 | Powerstove Energy Grant | Jua Kickstarter Fund | Not disclosed |
Powerstove Energy founders & team
- Okey EsseFounder and CEO
- Glory EsseCo-Founder/CMO
Powerstove Energy competitorssame sector · similar funding
- Africa Clean EnergyMaseru, Lesotho
- Mukuru Clean StovesSiaya, Kenya
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Frequently asked about Powerstove Energy
- Where is Powerstove Energy based and when was it founded?
- Powerstove Energy is headquartered in Abuja, Nigeria and was founded in 2018.
- Who founded Powerstove Energy?
- Powerstove Energy was founded by Okey Esse (Founder and CEO) and Glory Esse (Co-Founder/CMO).
- Who is the CEO of Powerstove Energy?
- Okey Esse is Powerstove Energy's Founder and CEO.
- How much funding has Powerstove Energy raised?
- Powerstove Energy has raised $1.8M across 7 disclosed rounds. Its latest, a $1.2M Debt Financing, was announced on Jun 03, 2026.
- Who has invested in Powerstove Energy?
- Backers include Cascador, United States African Development Foundation (USADF), All On, Clean Cooking Alliance and 4 others.
- What sector is Powerstove Energy in?
- Powerstove Energy operates in Renewable Energy, Agriculture and Food and Beverage.
