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Kubik | Company profile, Business Model, and Operations

Recieved Funding?
yes
Type of Funding
Seed funding
Number of Funding Phases
6
Business Type
Partnership

All you need to know about Kubik

About Us

Kubik, An environmental technology company that uses plastic waste to make low-carbon, durable, and affordable buildings.

Kubik is dedicated to developing eco-friendly buildings by repurposing plastic waste in the construction sector. The company specializes in converting challenging-to-recycle plastic waste into materials for homes, businesses, and public infrastructure.

Kubik offers a technology that enables countries to minimize their carbon and plastic impact while constructing safe, long-lasting, and cost-effective buildings that are accessible to everyone.

Put simply, they assist brands in engaging with their audience in a significant manner by utilizing a mix of physical, digital, and hybrid platforms.

We turn plastic waste into low-carbon buildings​.

Each year, Africa produces approximately 42 million tons of plastic, with Ethiopia contributing 386,000 tons to this total.

However, only 4% of this plastic is recycled, largely due to insufficient awareness and education, inadequate recycling policies and regulations, and a lack of proper recycling infrastructure across the continent.

Kubik, a startup based in Ethiopia, is committed to addressing these challenges.

  • Founded in 2021
  • Headquarter: Nairobi, Kenya, Also operates in Ethiopia
  • Employees: 11-50

Our Mission

To promote environmental respect in development by creating secure, cost-effective, and long-lasting structures.

With just 4% of Africa's plastic waste being recycled and the goal of reducing plastic waste on the continent appearing to be a distant aspiration, this Ethiopian cleantech startup is determined to make a difference by transforming plastic waste into cost-effective, eco-friendly construction materials.

Our Vision

To build a world where brands can connect with their audience in a meaningful way, plastic waste becomes a resource for building a better future.

Core Values

Kubik is committed to the steadfast goal of creating a sense of dignity by providing clean and affordable housing for everyone. We abide by these principles to make this goal a reality.

Our Services

  • Recycled Plastic Building Materials: Their core service lies in transforming plastic waste into low-carbon building materials. This creates a sustainable solution for construction while tackling plastic pollution
  • Sustainable Building Construction: Kubik Ethiopia likely uses recycled plastic materials to construct affordable and eco-friendly homes, schools, and other structures.

Kubik Helps You Build

  1. Schools and clinics that are bright and spacious, create a sense of pride for the communities they serve.
  2. Affordable homes that simply look luxury
  3. Inviting public bathrooms that will stimulate community hygiene
  4. Sustainable industrial warehouses that help commerce meet ESG goals

Key Facts

TechCrunch announced that Kubik, a cleantech startup focusing on converting plastic waste into cost-effective, low-carbon building materials, has secured $3.34 million in a seed round that attracted more investment than expected in Ethiopia.

Kubik repurposes plastic waste into building materials that are both low in carbon emissions and cost-effective.

Their product is notably more affordable than traditional materials, quicker to build with, and significantly less polluting than cement, emitting over five times less pollution.

Kubik, won Startup of the Year at the 2023 Global Startup Awards and was declared the leading climate tech startup in Africa at last week’s VivaTech conference.

About Our CEO

Founder and CEO of Kubik - Kidus Asfaw -an environmental tech company turning plastic waste into low-carbon buildings. He helped UNICEF build schools from trash in Cote d'Ivoire.

Led on technology and innovation initiatives for UNICEF. Former product lead for UNICEF's largest open source projects, with over 40 country deployments to support some of the largest and most critical programmes improving the lives of children. Former World Bank and Google. Public Policy graduate from Princeton, Biomedical Engineer from Duke.

LINKEDIN

References

Related Topics


Industry

Ndeye Penda Marre
Kidus Asfaw

Kubik
Business Model

The Company major services and product include: Transforming Plastic Waste into Sustainable Building Materials, and also Omni-Channel Experiential Marketing

The Company was Founded
The Company was established on
September 1, 2021
HeadQuarters
The Company has its Operational Headquarters at Nairobi, Kenya
Industry
The Company is contributing to the development of the Industry Manufacturing
Staff Strength since Inception
The Company prides in her team member of about 1 - 50 active members

Kubik Business Model

The Company major services and product include: Transforming Plastic Waste into Sustainable Building Materials, and also Omni-Channel Experiential Marketing

yes
Have they recieved Funding from VCs
yes
Have they recieved Funding from VCs
yes
How many number of Funding rounds?
$3B
Company Net worth as of 2023

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