Half the planet cooks on toxic, polluting, open res.

BioLite creates products that make cooking on wood as clean, safe and easy as modern fuels while generating power for cell phones and LED lights off-grid. Overview :: Half the planet still cooks on indoor open wood res and the toxic smoke they emit kills nearly 2 million people
every year, twice as many as malaria. Previous efforts to address indoor smoke with clean cookstoves have failed to achieve the smoke reductions necessary to protect health but have also failed to catalyze consumer demand due to minimal functionality beyond that of a traditional open re. BioLite has developed an advanced, affordable, clean burning stove that combines unprecedented emissions reductions with economically valuable electricity generation. Our products are capable of reducing indoor smoke by more than 90% while cutting fuel use in half. By providing our largely off-grid customers with the ability to charge cellphones and LED lights, our stoves create economic incentive for purchase and continued use, ensuring sustainable delivery of our health and environmental benets.

Cost of Cooking 1.9 Million Smoke Related Deaths

Hours Collecting Wood Greenhouse Gas Emissions Deforestation

The Need :: More than 3 billion people cook on wood and other solid fuels. The toxic smoke that results from these indoor cooking res kills 1.9 million people every year, 85% of whom are women and children. Although less costly than petroleum alternatives, solid fuel is not free. Families spend 2-4 hours per day collecting rewood and, in areas where wood must be purchased, it can account for 10-15% of their income. Emissions from biomass res also contribute to global warming. The approximately 500 million households relying on these res each release the equivalent of up to 2 tons of greenhouse gases into the atmosphere every year in the form of carbon dioxide, methane, nitrous oxide, and black carbon. Most families who cook on wood also lack access to electricity. Homes are lit with expensive, polluting kerosene candles. At the same time, a growing number of off-grid consumers are purchasing mobile phones. While the cell phone has shown itself to be a strong economic development tool in many communities, recharging the devices remains an expensive, time consuming obstacle for many off-grid users. The BioLite Solution :: The BioLite stove offers unparalleled emissions reductions combined with economic incentives to drive consumer adoption. Leveraging our patent-pending thermoelectric fan technology, the stove slashes toxic indoor smoke by 95% while eliminating up to 1.5 tons greenhouse gas emissions per stove each year. Unlike previous ultra-clean stoves which require a combination of plug in electricity, expensive pre-processed fuels and complex behavior changes, our design requires no external power and works well with both the fuels and cooking habits women have always used. Beyond its health and climate benets, the BioLite stove generates direct economic returns through a combination of electricity generation and fuel savings. Our device charging capability facilitates widespread use of clean LED lights and generates an average savings of $40 per year in avoided cellphone charging fees alone. The BioLite stove also cuts fuel consumption in half, saving wood purchase costs, reducing the burden of fuel collection on women and creating time for income generation through other activities.

BioLite Reduction ts Bene 95% Smoke

50% Fuel Reduction 1.5 Tons CO2 Avoided Electricity Access

Patent-Pending Technology :: BioLites core differentiations in both stove performance and electricity benets are enabled by our Direct Conduction Thermoelectric Technology. The system converts waste heat from the re into usable electricity and allows our products to operate in the off-grid environments where our customers live. While cost competitive with solar alternatives, our product requires no panel installation or wires and can be operated on demand regardless of the sun. BioLite has patents pending both in the US and internationally.
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Executive Summary

With the right advances, new stoves could even use their own wasted heat to produce electricity that powers smoke-clearing fans, mobile phones, and even household lights. -- Secretary of State Hillary Clinton [referring to BioLite Stoves at the UN Clean Cooking Alliance launch, Sept 2010] Business Model :: BioLite develops technologies and user-centric products that serve critical needs of BoP consumers. Our
products are mass produced in Asia by contract manufacturers and then sold through strategic partnerships with local retailers as well as purchased by governments and NGOs for distribution in aid programs. Market :: Solid biomass is commonly used for cooking res in Central and South America, Africa, and much of Asia. Within these markets, mounting fuel costs, health risks, and environmental impacts have made the need for improved stoves more visible than ever before. Several governments have recently formalized commitments to supporting dissemination of improved cook stoves within these regions. BioLite is an original member of the UN Foundations Global Alliance for Clean Cooking which, backed by initial commitments of over $50 million from the US State Dept, set a distribution target of 100 million clean cookstoves worldwide by 2020. BioLite has identied India as a primary market due to its large size (over 800 million currently cook on solid fuels) and capacity to rapidly adopt BioLites technology. The country is home to the fastest growing cell phone market in the world with nearly 500 million subscribers, yet only about half of all rural households have access to electricity needed to charge them. Additionally, the public health risk and deforestation concerns associated with open cooking res has prompted the Indian government to recently launch a National Initiative with the objective of bringing clean stoves to 135 million homes. BioLite will leverage this government support wherever possible for nancing startup operations and initial dissemination. However, to reach scale over the long term, we seek to minimize reliance on external subsidies by maximizing direct value to the consumer in the form of fuel savings, improved cooking performance, and capacity to charge the cell phones and LED lights that are already being rapidly adopted. Competition :: A number of companies, including Philips, BP, Envirot and StoveTec, have attempted to address this need with improved cookstoves yet none has created the combined HomeStove economic incentives and health benets necessary to drive large-scale adoption of clean cooking technologies. BioLite is the rst cookstove product to achieve greater than 90% emissions reduction without reliance on external electricity sources or prepared fuels. At half the cost of competitive ultra-clean stoves, our products are built to be affordable to our end customer. Beyond our industry-best clean cooking and fuel reduction benets, the BioLite HomeStove is the only cookstove capable of generating electricity from its own waste-heat to deliver economically valuable device charging. Next Steps :: BioLite stoves have been tested in the lab and in limited eld trials in India, Guatemala, and Myanmar. Our work has received multiple awards including the 2010 Vodafone Innovation Prize (jointly with UC Berkeley) and rst place in the 2010 Sustainable Brands Innovation Open. Our organization is now seeking funding to rene current proof of concept prototypes and then deploy 1,000 stoves to a cross section of large scale pilot programs to CampStove validate performance, reliability and consumer value prior to scaling up the sales organization. Pilot programs are being organized with government, educational, and private institutions such as the India National Improved Cookstove Initiative, the Earth Institute at Columbia University, and Selco, a manufacturer and retailer of low-cost solar lighting products distributed in India. Domestic Camping :: In parallel with the developing world product, BioLite has developed a small, portable wood burning camping stove intended for the comparatively high margin outdoor recreation market. This product offers campers a fun, green alternative to petroleum fueled stoves while delivering fast, fuel and battery independent cooking and gadget charging capability to the end user. Sharing the same core thermoelectric technology as our developing world product, the BioLite CampStove provides a means for the company to generate near-term revenues while concurrently maturing the technology and building public awareness about social issues surrounding biomass cookstoves. Management Team :: BioLite is a multidisciplinary team of entrepreneurs, designers and engineers committed to developing high quality products that address broad social needs. The team leverages a wealth of experience in consumer product development having launched products ranging from homewares and personal electronics to unmanned aircraft. BioLite is a Delaware LLC with both domestic and international patents pending.
Chief Executive Ofcer :: Jonathan Cedar :: 6 yrs consumer product development; Senior Design Engineer @ Smart Design; BA Dartmouth College 2003. Chief Technical Ofcer :: Jonathan den Hartog :: 5 yrs engineering management; Aerospace and Thermal Engineering; MEM Dartmouth/Tuck 2005. VP Market Development :: Purabi Thakre :: 5 yrs developmental consulting in India; BoP Startup Experience; MBA UC Berkeley, 2010. Director of Innovation :: Alec Drummond :: 30 yrs product design and prototyping: Senior Prototype Engineer @ Smart Design; Founder of Shinola Lights. Board Chairman :: John Levy :: 30 yrs venture capital and management; Founder L Capital Partners; CEO ePlanet; Interval Research Corp; MBA Harvard.

CONTACT | Jonatha n Ce da r, CEO | 914.6 4 5.5149 | jonatha n @ biolite stove.c om Executive Summary www.BioLiteStove.com 2