Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Australia’s ATEC raises $1.6 million to sell biodigesters in Cambodia, Bangladesh



ImpactAlpha, December 2 – Solar startups pioneered the pay-as-you-go model to introduce low-income, off-grid customers to electricity. Australia’s ATEC is applying the financing model to biodigestion to enable Asia’s smallholder farmers to manage farm waste and simultaneously tap a new energy source: biogas.

ATEC makes portable, durable small-scale biodigestion systems designed for farmers with only a few head of livestock. Its systems process up to 40 kilograms of manure per day and generate biogas for cooking or to run an electric generator. The systems also produce fertilizer.

Customers can pay for the system over time with a local mobile money app.

ATEC estimates that its systems save customers about $500 per year on fuel and fertilizer.

Target market

ATEC estimates there are nearly six million small farms in its target markets of Cambodia and Bangladesh that could benefit from its systems. It has sold its digesters to 1,400 Cambodian farmers since launching in 2016.

Equity round

Singapore’s Impact Investment Exchange (IIX) helped ATEC raise $1.6 million in equity financing, led by French energy company ENGIE via its impact fund Rassembleurs d’Energies. The funding will support ATEC’s expansion to Bangladesh. IIX Growth Fund, Fondation Ensemble and Phitrust Asia also backed the round.

Earlier this year, ATEC became the seventh startup secure an impact-linked loan ($30,000) from U.S.-based Beneficial Returns. The loan’s final payment will be forgiven if ATEC sells a specified number of systems. (See, “Impact-linked financial rewards help high-impact companies attract growth capital”.)

Rise of biogas

The biodigestion market is nascent, but a growing number of companies are working to unlock its potential as a clean, circular fuel source. Like ATEC, Mexico-based Sistema.Bio makes and sells biodigesters for small scale farmers. U.S.-based Leyline Renewable Capital is using bridge financing to derisk utility-scale biodigestion facilities.

You might also like...