ATEC Australia Pty Ltd

ATEC is a company focused on delivering clean cooking technologies. Founded in 2016 in Australia, ATEC has secured a total of USD 15. 5 mn in funding, with the most recent round in September 2025 co-led by Lightrock and TRIREC, along with participation from Schneider Electric Energy Access Asia. The founder's history and previous ventures are not available, and there are no mentions of subsidiaries or pivots in business strategy.

ATEC specializes in delivering innovative clean cooking solutions aimed at addressing health and environmental challenges associated with traditional cooking methods. The company offers a range of advanced cooking technologies, particularly the on-grid and off-grid Magnetic Induction cookstoves, designed to be 50% cheaper than conventional fuels like LPG or charcoal. ATEC's proprietary technology enhances cooking efficiency while significantly reducing harmful emissions. Additionally, the Cook2Earn technology allows households to track their emissions and receive payments for verified reductions.

ATEC targets households in underserved regions of Asia and Africa, selling its products across multiple countries, including Cambodia, Bangladesh, and various African nations, with a commitment to positively impacting the lives of up to one million individuals over the next three years. ATEC's revenue model is primarily driven by the sale of its clean cooking products and associated emissions reduction services. The company has established partnerships to monetize carbon credits generated through its technologies, integrating mobile money services for transactions. Customers directly purchase ATEC’s smart cookstoves, benefiting from efficiency and affordability.

ATEC’s flagship products, such as the IoT-enabled eCook cookstove, provide both a cooking solution and engagement in carbon markets, contributing to broader climate goals through measurable emissions reductions. In September 2025, ATEC raised USD 15. 5 mn in growth funding to expand its network of smart cookstoves and support systems for carbon credit verification. The company plans to launch upcoming products designed to enhance its cooking technology and expand into new markets, specifically targeting regions in Asia and Africa by 2026, furthering its mission to improve health and environmental conditions.