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ATEC Closes USD $3.75M Series A with Investments from the Save the Children Australia Impact Investment Fund and Others

On July 4, 2024, ATEC, a global leader in IoT-enabled electric stoves, announced the closure of USD $3.75 million in Series A funding to expand offerings across Africa and Asia. New investments will drive ATEC's 10-year goal to generate 10 gigawatt hours of decarbonised cooking daily in Global South households, reducing carbon emissions by up to 10 million tonnes annually. The Save the Children Australia Impact Investment Fund, supported by SCGV, is proud to be an investor in this innovative venture. ATEC’s proprietary stoves track usage in real time, generating verifiable data for carbon credits. By reducing indoor air pollution in participating households, the stoves also contribute to better air quality, decreasing respiratory infections and improving health and safety for children and their families.