What is Atec?
Atec operates at the intersection of social impact and climate technology, focusing on the delivery of affordable and sustainable cooking solutions. The company's core value proposition lies in its ability to replace traditional, harmful cooking methods with modern, efficient alternatives that improve health outcomes and reduce carbon emissions. By integrating advanced cooking technology with market-driven distribution models, Atec has established itself as a key player in the global energy transition. The company's market position is bolstered by its commitment to scalability, ensuring that its solutions are not only environmentally sound but also economically viable for rural and low-income households worldwide.
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 DRW Holdings, iDE Global, Schneider Electric, and Save the Children
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 through technology-driven growth.
Trirec
TRIREC is a Singapore-headquartered venture capital firm specializing in decarbonization investments across key verticals including energy, mobility, and industrial sectors.
Schneider Electric
Schneider Electric is a global leader in energy and automation digital solutions, providing integrated technologies for efficiency and sustainability across various industrial and infrastructure sectors.
What's next for Atec?
With the recent influx of capital, Atec is poised to scale its operations significantly, focusing on expanding its reach into new geographic territories and enhancing its technological infrastructure. The strategic involvement of high-profile investors suggests a focus on long-term decarbonization and the optimization of the clean energy value chain. Moving forward, the company is expected to prioritize the integration of digital automation and energy-efficient software to further refine its product offerings. This phase of growth will likely involve strengthening partnerships with global development organizations and industrial leaders to solidify its market leadership in the sustainable cooking sector.
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