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HomeFunding UAE-based Cleantech Airwater Co Secures Undisclosed Funding

[FUNDING NEWS] UAE-based Cleantech Airwater Co Secures Undisclosed Funding

Global air-to-water technology business Airwater Co. announced that Tau Capital, a venture capital firm based in Abu Dhabi, has invested in the company.

Global air-to-water technology business Airwater Co. announced that Tau Capital, a venture capital firm based in Abu Dhabi, has invested in the company. Tau Capital makes investments in cutting-edge technology, enabling trailblazers to change markets and create a better future.

Concerns over water security are growing on a global scale, and businesses, governments, and investors are looking for innovative solutions. According to research by the international nonprofit organisation CDP, water is currently a significant risk to global supply chains, putting at least $77 billion at risk.

Read also – Israel-Based Agora Secures $34 Million in Series B Funding

It was founded in Abu Dhabi in 2018, has become a market leader through six years of focused R&D and a new corporate identity that reflects its cutting-edge innovation and global reach. Tau Capital Managing Director Bill Murray says, “It’s tech-focused approach to water security exemplifies the type of transformative innovation we at Tau Capital believe is essential for sustainable global development.”

The investment will enable it to scale manufacturing, infrastructure and distribution, with a focus on large commercial and industrial atmospheric water generation facilities.

Alex Guy, Airwater Co.’s founder and CEO, said Tau Capital’s investment is a testament to a shared vision for a more sustainable future. “Tau Capital and Airwater Co. align in many ways, from headquarters in Abu Dhabi to the spirit of innovation this region and our companies are known for. Tau Capital’s desire to support Airwater Co. as a valued platform business that can reshape industries allows us to innovate and scale more rapidly.”

About Airwater Co.

Airwater Co. is engineering clean, renewable high quality drinking water at scale.

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