ATAREC
Innovative third-generation renewable energy solutions for marine environments
Tanger, Morocco · Founded 2020
- Headquarters
- Tanger
- Employees
- 1–10
- Founded
- 2020
- Business Model
- B2B
- Website
- atarec.com
- Last Round
- SeedMar 2022
- Rounds
- 1
About
ATAREC (Advanced Third Age Renewable Energies Company) is a Moroccan deeptech startup developing third-generation marine wave energy solutions for coastal and port infrastructure. Its flagship product, Wave Beat, is a patented wave energy converter proven at Tanger Med Port — Africa's largest container port — and patented in over 70 countries, achieving a 62% capacity factor that surpasses offshore wind. Founded in 2020 by two Moroccan engineers, ATAREC has secured projects in 5 countries with up to 110 MW of projected capacity, won over 15 national and international competitions, and counts UM6P Ventures (the investment arm of OCP Group) among its investors.
Summary
ATAREC is a Climate Tech company based in Tanger, Morocco, founded in 2020. Its most recent funding was a Seed round in Mar 2022. Investors include UM6P Ventures.
Tech & App Stack
1 technology or app tracked
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Funding History
Mar 2022
Investors
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