Value: USD$15.5 million
Deal: LegalVision has successfully advised clean cooking technology company ATEC on its recent USD $15.5 million capital raise, co-led by Lightrock and TRIREC, with participation from the Schneider Electric Energy Access Asia Fund. The funding will accelerate ATEC’s international growth and advance its mission to deliver affordable clean energy solutions.
The investment will support the rollout of up to 200,000 eCook stoves (ATEC’s Internet of Things (IoT) electric cookstove) across Bangladesh, Cambodia, Malawi and Nepal over the next three years. Along with expanding into new countries, ATEC will increase its manufacturing capacity, strengthen its leadership in next-generation carbon data, and grow its global carbon partner network.
Founded in 2016 by Ben Jeffreys, ATEC develops affordable, clean cooking solutions for communities in developing countries, with a focus on enhancing health and empowering women. Through its Cook-To-Earn program, families receive discounts on stoves and ongoing carbon payments based on usage. This approach makes cutting carbon emissions practical and affordable at scale.
Area: Corporate
Key players: The LegalVision team was led by Sian McLachlan (Practice Leader) with support from Jill McKnight (Practice Group Leader), and Shakoor Abdullah (Senior Lawyer).
Sian McLachlan, LegalVision Corporate Transactions Practice Leader, notes: “It has been a pleasure working with the ATEC team to complete the raise. We love collaborating with innovative and groundbreaking Australian businesses, and ATEC is a great example of this. We are excited to continue supporting the team as they expand and move into their next chapter.”
Ben Jeffreys, CEO and Co-Founder, comments: “LegalVision’s team played a vital role in guiding us through this raise. Their expertise in cross-border transactions and practical advice helped us close the round smoothly and position ATEC for its next stage of growth.”
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