Estonian startup Spacedrip raises €1.5M to build water treatment robots
02 May, 2023, 10:42
Estonian startup Spacedrip has raised €1.5 million in fresh funding to develop water treatment robot technology. The tech can purify domestic wastewater back to clean reusable water. Spacedrip will use the funds for product development and expansion into foreign markets, Invest in Estonia informs.
- Founded in 2019 by Rainer Nõlvak and Joonatan Oras, Spacedrip is the inventor wastewater treatment robots that purify wastewater to clean water. The company aims to provide reusable water and sanitation for communities living in water-stressed locations or locations detached from central sewerage system.
- Using their software for automation and water treatment technology, the company reduces operational, maintenance, and energy cost of small-scale wastewater treatment and reuse. The startup has already tested the technology in Nairobi’s Uhuru Park, where its automated wastewater reuse system treats up to 60 cubic meters of wastewater per day and reuses it to irrigate the park.
- The investment round was led by Eigenkapital, Vestman Energia AS, MSM, CEO of Milrem Kuldar Väärsi, former Minister of Finances of Estonia Taavi Veskimägi, and several other Estonian investors and entrepreneurs.
- Spacedrip will use the funding for product development and expansion into foreign markets, with the goal of achieving global reach before 2030.
You must be logged in to post a comment.