One of Singapore’s most pressing problems as it struggles with environmental change and geopolitical unpredictability is a lack of water. By 2060, the nation hopes to have recycled water supply 55% of its water needs.
One of the greentech startups addressing the need for cutting-edge wastewater technology is Hydroleap.
According to Hydroleap, up to 95% of pollutants in industrial wastewater can be removed through its electrochemical treatment process. It was added that it could also cut cooling tower water discharge by 70%.
The company recently received US $4.4 million in new funding from a variety of investors. Other investors included Mitsubishi Electric, Seeds Capital, Wavemaker Partners, New Keynes Investments, and the State of Victoria.
The additional funding will aid Hydroleap’s entry into additional Asia-Pacific markets like Australia, Japan, and Indonesia. To increase the effectiveness of its wastewater treatment, the company will specifically target businesses in the food and beverage, manufacturing, mining, and data center sectors.
The company also announced that it would take on the difficult task of treating the wastewater produced by palm oil mills.
Customers of Hydroleap include the Public Utilities Board and Water Agency of Singapore, along with Universal Robina Corporation and CapitaLand.