Hydroleap’s containerised HL-ECM for treating construction wastewater
Singapore-based wastewater treatment startup Hydroleap has secured US$4.4 million in a Series A funding round.
Japanese VC firm Real Tech Holdings led the round with participation from Mitsubishi Electric, Seeds Capital, Wavemaker Partners, and New Keynes Investments.
The State Government of Victoria in Australia also joined.
Hydroleap will use the funds to enter new geographies, such as Australia, Japan and Indonesia, over the next two years. The company aims to help companies across data centres, F&B, manufacturing, and mining industries lower their water and carbon footprints by treating wastewater efficiently and environmentally friendly.
Founded in 2016 by Mohammad Sherafatmand (a PhD from the National University of Singapore in Environmental Engineering), Hydroleap is a next-generation green wastewater treatment company. It offers an automated modular system that does not need any chemicals to perform. The technology works based on electrochemical principles where low-powered electricity is applied to activate the aqueous solution and form coagulant reagents to attract contaminants.
The startup claims its electrochemical techniques enable a reduction of up to 95 per cent of pollutants present in industrial wastewater.
Hydroleap’s customers include Public Utilities Board, Singapore’s Water Agency, Universal Robina Corporation, CapitaLand, and a renowned blue-chip data centre.
Bringing more advanced electro-oxidation technologies from lab to land, Hydroleap will set foot in a new vertical for palm oil effluent treatment. Palm oil mill effluent (POME) poses one of the most challenging problems to the wastewater treatment industry due to its adverse effect on the environment and high degree of oil and organic content.
“The demand for efficient, and sustainable industrial wastewater treatment is growing as countries become more water stressed. Our intention is to develop global best practices for the most eco-friendly, efficient and cost effective water treatment technologies and infrastructure, that helps companies meet their ESG goals and benefits the planet,” said CEO Sherafatmand.
With the support of Victoria State’s investment attraction agency, Hydroleap aims to help resource-intensive data centres and mining industries in the country manage and recycle wastewater. Apart from plans to support data centres whose water consumption is considerably high in Japan and Indonesia, they would look to equip manufacturing industries such as paper in the former and palm oil industries in the latter with their arsenal of wastewater technologies.
In 2019, Hydroleap raised US$1.9 million in funding led by Wavemaker Partners, with participation from Seeds Capital, 500 Durians, and a few unnamed investors.
—
The post Hydroleap nets US$4.4M to take its industrial waste water treatment solution to Australia, Japan, Indonesia appeared first on e27.