€5m B-Round in Capacitive Water Desalination Company
Published on by Water Network Research, Official research team of The Water Network in Business
Environmental Technologies Fund has led a €5m B-Round in Voltea Ltd, the world leader in capacitive water desalination
The round was joined by existing investors Pentair, Unilever Ventures and Anterra Capital. The financing will underpin the company’s continuing rapid expansion into the industrial water recycling market.
Voltea’s Capacitive Deionization (CapDI© ) devices remove salts and other dissolved solids from water simply by applying electric fields across the water flow. This lowers maintenance, energy and CAPEX compared to traditional approaches, which depend on high pressure or heat. Voltea’s technology recovers up to 90% of the input water, which is paramount in arid regions. The devices are highly modular and have been miniaturized to the size of a coffee cup. These advantages are leading to fast growth across four continents in applications ranging from large systems for industrial cooling towers and commercial laundries, to residential applications and even consumer appliances.
The global desalination equipment market is worth tens of billions and is growing at 10-20% per annum. Voltea’s technology enables an even larger market opportunity by making desalination economical in many new settings. “Voltea is clearly the pioneer in the space and owns all of the key patents. As we’ve lowered costs, we have seen demand increase rapidly. There is now a great commercial opportunity ahead of us.” says Bryan Brister, CEO of Voltea. “Environmental Technologies Fund impressed us with their common sense practical approach, which already had an impact even before the deal was signed. Environmental Technologies Fund will add a lot of value as we continue to grow the business.”
Arne Morteani, of the Environmental Technologies Fund, adds: “We have known Voltea almost since its inception. Starting from a piece of impressive technology, the team has done a fantastic job in developing a thriving business. We look forward to helping grow the business and creating value for the team and shareholders.”
Source: Inventor Ideas
Read More Related Content On This Topic - Click Here
Media
Taxonomy
- Desalination
- Financing
- Desalination