Is Airwater Co. the Key to Sustainable Water Solutions?
Airwater Co., specialising in air-to-water tech, just got a big boost in funding from Tau Capital, a venture capital firm based in Abu Dhabi. Tau Capital is all about backing technologies that can really shake up industries and make the world a better place.
Now, why is this such a big deal? Well, water security is becoming a major concern globally. According to research from CDP, a nonprofit, global supply chains are facing serious risks, with around US$77 billion potentially on the line due to water issues.
Airwater Co. has been doing some serious R&D since it started in Abu Dhabi back in 2018, and now it's a top player in its field. They just unveiled a new brand identity that screams innovation and global impact. And Tau Capital sees something special in their approach to water security. They believe that kind of innovative thinking is crucial for sustainable development worldwide.
With this new funding, Airwater Co. can really ramp up their operations. They're focusing on building bigger atmospheric water generation facilities for commercial and industrial use. Alex Guy, the CEO, is stoked about the investment. He says it shows they're on the same page with Tau Capital when it comes to creating a more sustainable future.
Plus, Airwater Co. have got some big-name clients like Hilton, Accor, NEOM, and ADNOC, which really speaks to their impact. Andrea Mollica, from Tau Capital, sees Airwater Co. as a game-changer. Water affects everyone, so what they're doing is super important for businesses and consumers worldwide.
In a nutshell, this investment isn't just about one company; it's about pushing boundaries and making real change in how we deal with water issues globally.