Hydroleap raises $4.4m to bring wastewater tech across APAC

Photo credit: SGInnovate

Water shortage is one of the most critical challenges facing Singapore as it grapples with environmental changes and geopolitical uncertainties. The country aims to have 55% of water demand met by recycled water by 2060.

Hydroleap is one of the greentech startups addressing the need to innovate wastewater technology.

Through its treatment process that uses electrochemical techniques, Hydroleap said that it can eliminate up to 95% of pollutants in industrial wastewater. It added that it can also reduce water discharge in cooling towers by 70%.

Recently, the company secured US$4.4 million in new funding from a diverse group of investors.

Funding details

• Funding amount: US$4,400,000
• Lead investor: Real Tech Holdings
• Other investors: Mitsubishi Electric, Seeds Capital, Wavemaker Partners, New Keynes Investments, The State Government of Victoria
• Stage: Series A

The new funding will support Hydroleap’s expansion into other Asia-Pacific markets such as Australia, Japan, and Indonesia. The company will specifically target firms in the food and beverage, manufacturing, and mining industries as well as data centers, aiming to enhance their wastewater treatment efficiency.

The firm also said that it will venture into the treatment of palm oil mill effluent, which poses significant challenges to wastewater processing.

Hydroleap’s customers include Singapore’s Public Utilities Board and Water Agency as well as Universal Robina Corporation and CapitaLand.

See also: This profitable firm’s $1b bet on recycling relies on Indonesia, EV batteries

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