Hydroleap’s founder and chief executive Mohammad Sherafatmand intends to develop global best practices for cost-effective water-treatment technologies. PHOTO: HYDROLEAP
HYDROLEAP, a Singapore-based startup specialising in green wastewater technology, has raised US$4.4 million in a Series A round led by Japanese venture firm Real Tech Holdings.
The round was joined by Mitsubishi Electric, Wavemaker Partners, New Keynes Investments, the state government of Victoria in Australia, as well as Seeds Capital, the investment arm of Enterprise Singapore, Hydroleap announced on Tuesday (Jul 18).
Founded in 2016, it uses electrochemical techniques to treat industrial wastewater, which it said can reduce pollutants by up to 95 per cent. Its customers include national water agency PUB, real estate group CapitaLand, and Philippine food and beverage (F&B) company Universal Robina.