ATEC builds market-leading IoT electric stoves. The company’s core product is an Internet-of-Things enabled electric stove designed for expansion in Asia and African markets. The recent Series A will fund global expansion across those regions. The fundraise was led by Schneider Electric Energy Access Asia, an impact fund managed by Schneider Electric, alongside Spark+ Africa Fund. Other institutional backers include DRW, Save the Children Global Ventures, Kibo Investments and iDE. The articles do not disclose operating metrics or prior financing details.

Total raised

$4M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2024