Wayout raises €2.42M to scale decentralised drinking water infrastructure platform
Wayout International, the Swedish developer of Distributed Drinking Water Infrastructure, today announced the successful closing of a €2. The company aims to replace traditional centralised water distribution with locally produced, digitally monitored drinking water infrastructure. Sustainability Wayout raises €2.
Key Takeaways
- 42M to scale decentralised drinking water infrastructure platform The company aims to replace traditional centralised water distribution with locally produced, digitally monitored drinking water infrastructure.
Cate Lawrence 2 hours ago Share Share Send email Copy link Wayout International , the Swedish developer of Distributed Drinking Water Infrastructure, today announced the successful closing of a €2.
- The platform is designed to address some of the most significant challenges facing the global water industry, including water stress, ageing infrastructure, increasing transportation costs, single-use plastic waste, carbon emissions and growing consumer demand for transparency and quality.
According to Ulf Stenerhag, CEO and Founder, Wayout International, the financing marks an important milestone for Wayout.
- " Following several years of technology development and validation, the company is now entering a new phase focused on commercial deployment and scaling.
First commercial orders are expected to be signed shortly, while the sales pipeline continues to strengthen across Latin America, Africa, the Middle East and Asia.
- We believe Wayout is uniquely positioned to become a defining infrastructure platform for the future of drinking water, and this oversubscribed round is a strong validation of our vision, our team and the trust our investors and partners have placed in us.
- What would you like us to deliver to you?
Stats & Key Facts
- #The round was oversubscribed by €956,000 (SEK 10.
- #6 million), reflecting strong support from both existing shareholders and new strategic investors with significant industry expertise.
The company aims to replace traditional centralised water distribution with locally produced, digitally monitored drinking water infrastructure. Sustainability Wayout raises €2. 42M to scale decentralised drinking water infrastructure platform The company aims to replace traditional centralised water distribution with locally produced, digitally monitored drinking water infrastructure.
Cate Lawrence 2 hours ago Share Share Send email Copy link Wayout International , the Swedish developer of Distributed Drinking Water Infrastructure, today announced the successful closing of a €2. The round was oversubscribed by €956,000 (SEK 10. 6 million), reflecting strong support from both existing shareholders and new strategic investors with significant industry expertise.
Wayout has developed a proprietary infrastructure platform that enables safe drinking water to be produced locally from virtually any water source through an integrated ecosystem of advanced purification, controlled mineralisation, reusable logistics, smart dispensing and digital monitoring. The platform is designed to address some of the most significant challenges facing the global water industry, including water stress, ageing infrastructure, increasing transportation costs, single-use plastic waste, carbon emissions and growing consumer demand for transparency and quality. According to Ulf Stenerhag, CEO and Founder, Wayout International, the financing marks an important milestone for Wayout.
For more details please read the original article at Tech.eu.
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