Funding
Good Bricks Launches $60 Million Carbon Financing to Deploy Technology at 300 Nepal Sites
By News Desk ·
Key takeaways
- Good Bricks announced a US$60 million carbon financing initiative to deploy its technology at 300 production sites in Nepal by 2030.
- The programme provides hydraulic brick-press machinery and market support valued at about US$200,000 per site.
- At full capacity, the planned network could produce 3 billion nonfired bricks annually and avoid 1.5 million tons of CO2 emissions per year.
Good Bricks announced a US$60 million carbon financing initiative to deploy its non-fired brick technology at 300 production sites in Nepal by 2030, with carbon financing from investors including the Asian Development Bank, NH Investment and Securities, and Korea Western Power. EIN Presswire published the announcement on November 15, 2026.
Good Bricks' 300-Site Nepal Programme
The initiative provides participating manufacturers with hydraulic brick-press machinery and market support valued at approximately US$200,000 per site. By drawing on future carbon credits, the programme seeks to reduce the upfront investment required from local manufacturers. At full capacity, the planned network could produce approximately 3 billion nonfired bricks annually, potentially avoiding 1.5 million tons of CO2 emissions per year compared with conventional fired-brick production.
Good Bricks are made from locally available soil, cement and InnoCSR's proprietary Good Soil Stabilizer, with hydraulic machinery compressing the materials and eliminating kiln firing. Hulas Eco Bricks will lead the nationwide expansion, drawing on the Diwakar Golchha Organisation's industrial network, while InnoCSR supplies the technology.
"Developing cleaner technology is only half the challenge. The real breakthrough is making it commercially accessible to the existing industry," said InnoCSR Founder and CEO Sam Yoonsuk Lee. Hitesh Golchha, Director of Diwakar Golchha Organisation, said the partnership is about making modern brick manufacturing accessible to Nepalese entrepreneurs.
The Asian Development Bank approved its first Strategic Business Outlook on November 12, 2026, projecting $104.5 billion in financing commitments from 2027 to 2029, Jiemian reported. Korea Western Power is named among the carbon financing providers.
Good Bricks' Earlier Funding and Partnerships
According to akta.pro company records, Good Bricks closed a Series A round whose investors include ADB Ventures, Garden Impact Fund, Clarion Newlife Capital and NH Investment & Securities. ADB Ventures initially provided a $125,000 grant with an option for future equity investment.
| Record | Detail |
|---|---|
| Series A | Closed; ADB Ventures, Garden Impact Fund, Clarion Newlife Capital, NH Investment & Securities |
| ADB Ventures grant | $125,000, with option for future equity investment |
| KOICA-funded factories | Surkhet and Jajarkot, about 1 million bricks per month combined |
| Nepal demand commitments | More than 25 million bricks in 2025 |
The same records show a December 2025 MoU with the Jharkhand Pradesh Brick Manufacturers' Association covering 2,400 member brick kiln owners in India, and a September 2025 R&D MoU with IIT Madras funded by the Korea Energy Agency. In May 2025, Rango Engineering Solutions signed a distribution agreement in Kathmandu to serve as official distributor of the Good Bricks Soil Stabilizer in Bagmati Province.
Nepal Rollout Timeline
The announcement sets 2030 as the target for reaching 300 production sites in Nepal. The programme describes the planned network's output and emissions figures as full-capacity estimates.