Clean Water Startup Aquvio Raises Capital to Build Out Purification Technology

Varanasi, India-based Aquivo builds and installs water purifiers to provide safe drinking water to schools, hospitals and government agencies.

The company has raised an undisclosed amount of pre-Series A funding from India’s Technology Development Board, early-stage impact investor and accelerator Villgro, and the Indian Institute of Technology in Kanpur.

In a country where water scarcity is a looming issue—21 major cities in India are expected to run out of water by 2020—Aquvio claims its technology purifies water with less waste and energy. Its products serve more than 1.2 million people. The company will use the funding to support its expansion, with the hope of serving most of India by 2022.

Source: ImpactAlpha

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