ATEC designs, finances, and deploys connected clean-cooking solutions, combining PAYG hardware with a digital MRV stack that turns real usage data into verifiable carbon credits. Founded in Cambodia and now operating in Bangladesh and Cambodia with B2B expansion underway in Sub-Saharan Africa, ATEC’s portfolio centers on its IoT-enabled eCook induction stove and Bio biodigester. The eCook platform uses embedded GSM technology to log every cooking session, feeding a metered methodology under Gold Standard and enabling contracted offtake for premium, audit-ready credits. The go-to-market model blends direct PAYG in Asia with distributor partnerships in Africa, allowing fast scale without heavy fixed assets.

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The Spark+ facility will finance an accelerated rollout of ATEC’s IoT eCook across priority African markets via last-mile distributors and carbon project partners. Funds will cover inventory and working capital for B2B shipments, integration of PAYG and data systems for partners, and the working capital bridge to first carbon issuances, which secure repayment through contracted offtake. By coupling device finance with metered, digitally verified credits, the facility lowers end-user costs, derisks distributor adoption, and converts usage into a recurring revenue stream that supports rapid, commercially sustainable e-cooking penetration.