What is Atec?
Atec operates at the intersection of social impact and technological innovation, providing affordable, sustainable, and accessible clean cooking solutions. The company's core value proposition lies in its ability to deliver high-performance cooking technology that mitigates the health and environmental risks associated with traditional cooking methods. By integrating advanced engineering with a deep understanding of local market needs, Atec has established itself as a leader in the clean energy sector, effectively bridging the gap between modern technology and the daily requirements of families in developing regions.
The firm's market position is further bolstered by its strategic focus on decarbonization and energy efficiency, aligning with global sustainability goals. As a social enterprise, Atec balances commercial viability with a mission-driven approach, ensuring that its technological advancements translate into tangible improvements in quality of life, gender equality, and economic development for its target demographics.
How much funding has Atec raised?
Atec has raised a total of $20.8M across 3 funding rounds:
Seed
$1.5M
Series A
$3.8M
Private Equity
$15.5M
Seed (2024): $1.5M with participation from Spark+ Africa Fund
Series A (2024): $3.8M led by iDE Global, Save the Children, DRW Holdings, and Schneider Electric
Private Equity (2025): $15.5M supported by Lightrock, Trirec, and Schneider Electric
Key Investors in Atec
Lightrock
Lightrock is a global sustainable investment platform managing over $5.5 billion in assets, focusing on purpose-driven businesses that address significant global challenges.
Trirec
TRIREC is a Singapore-based venture capital firm specializing in decarbonization investments across sectors like energy, mobility, and industrial innovation.
Schneider Electric
Schneider Electric is a global leader in energy and automation digital solutions, providing integrated technology for efficiency and sustainability across various industries.
What's next for Atec?
With the successful closure of this major strategic investment, Atec is poised to enter a phase of rapid operational scaling and market expansion. The company is expected to utilize these funds to enhance its research and development capabilities, optimize its supply chain, and broaden its distribution networks to reach a larger global audience. Furthermore, the involvement of high-profile institutional investors suggests a strategic focus on long-term sustainability and the potential for further integration into global energy and automation ecosystems.
Looking ahead, Atec will likely prioritize the deployment of its next-generation cooking solutions, aiming to solidify its footprint in key markets while continuing to drive measurable impact. The company's ability to attract such significant capital indicates a robust outlook for its future growth, as it continues to innovate within the clean cooking value chain and contribute to the global decarbonization agenda.
