VidaGas provides liquid petroleum gas (LPG or propane) to commercial and residential customers, and to the public sector.
VidaGas was founded in 2002 by two non-profit organizations engaged in developing capacity for health systems – US-based VillageReach, based in Seattle, and the Foundation for Community Development (FDC), a Mozambique-based community development organization.
Because both organizations were already operating in the north, initial VidaGas operations served local facilities in that region (Cabo Delgado). Today, the company provides services in five locations and multiple provinces including Mocuba (Zambezia Province), Nampula City (Nampula Province), and Pemba (Cabo Delgado Province).
To launch the company, investment capital was initially sourced from grants. For the first several years, the company grew organically. By 2008, it was clear it required more capital to expand and reach greater efficiency. Because of its small scale and the high-risk nature of BoP investments generally, it was clear only an investor with significance patience and a social mission would be attracted to the company. In 2009, the Swiss social investment fund, Oasis Fund, brought additional investment capital ($1M) to VidaGas to enable it to scale.