Chennai, Tamil Nadu, India(NewsVoir)
• Plans to lift virtually USD 20 million to fund development
• Goals on increasing manufacturing capability; strengthening its presence in India
• Capturing abroad markets like Africa, and ramping up its R&D
• Receives good demand from Tamil Nadu market; Expects Tamil Nadu/ Chennai to be an INR 500 Cr. market with 50% development yearly
With the rising incidences of water contamination and water shortage in India, Airowater Personal Restricted, India’s pioneering Atmospheric Water Generator (AWG) Firm, has set its sights on capturing a big share of the Atmospheric Water Generator market in India and increasing nationally in addition to globally. To fund its enlargement plans, Airowater is planning to lift virtually USD 20 million and is in lively discussions with some reputed funds.
“The rising incidents of water contamination and water shortage in India make it extraordinarily vital for us to undertake newer sources of water era that doesn’t hurt pure assets and is on the similar time pure. With our distinctive know-how, Airowater is properly positioned to cater to the demand for such an answer that’s extraordinarily related for India’s future. This offers us confidence that we are going to appeal to quick development not solely in India but additionally some international markets going through comparable points,” mentioned Mr. Siddharth Shah, Director of Airowater.
Airowater has been experiencing a sustained demand from Tamil Nadu and have bought virtually 200 machines within the retail & company phase with demand coming from Industrial, Company and Retail clients.
Talking in regards to the Tamil Nadu market and its significance for the corporate, Mr. Siddharth Shah added, “We began our operations in Tamil Nadu in 2018 and obtained a significant enhance inside a brief span of time with the 2019 water disaster in Chennai sparking an curiosity within the AWG know-how for which Airowater owns patent rights for manufacturing – utilizing Air2Water Patent. As we transfer in the direction of additional nationwide and international enlargement, we count on Tamilnadu to play a key function in our development with the market dimension being virtually INR 500 cr and an anticipated 50% development yearly.”
The corporate plans to lift virtually USD 20 million to fund development to be deployed for increasing manufacturing capability, strengthening its presence in India and capturing abroad markets like Africa which additionally faces comparable points as India. The funds may also go in the direction of ramping up its R&D capabilities.
The opposite key goal markets for Airowater inside India embody states akin to Karnataka, Maharashtra, Kerala, North East & West Bengal. Airowater is seeking to faucet into throughout buyer classes together with Retail – Residence & Small places of work, Corporates – Banks, IT & manufacturing setup, Protection, Well being & Educations facilities, Authorities departments, Lodges & Eating places.
Airowater makes use of a one-of-a-kind, dependable and adaptable know-how which creates water from the humidity within the air, giving recent, bacteria-free, pure ingesting water. This water is totally untouched by contaminants within the floor or every other surfaces, not like piped water. Airowater makes use of the moisture content material within the air to create the purest type of ingesting water by way of a patented 4-step filtration course of.
Current-day options don’t tackle the problem of chemical and pesticide contamination in water. Even bottled water which is out there out there doesn’t present the purest type of ingesting water as most gamers use plastic packaging which suggests a major plastic air pollution. Furthermore, the fractions of dangerous chemical substances current within the plastic bottles contaminate the water and make it unsuitable for consumption.
Airowater is among the purest type of ingesting water because it doesn’t include any heavy metals, micro organism or viruses. The water generated by this course of goes by way of a four-step filtration course of for purification, which incorporates an air filter, water mud filter, water filter and ozone generator.
The specifically formulated filtration course of ensures that water is untouched by air pollution and as recent as attainable. By utilizing Airowater our floor water depletion is stopped because it’s not depending on water. It generates its personal ingesting water whereas for RO there may be the necessity of provide of water with a strain and water connection is required.
Additionally in RO, 70-80 p.c water is wasted in course of whereas there isn’t a wastage of water in our machines. RO additionally can’t take away the chemical substances and the pesticides current in water. So far as bottled water is anxious, in lots of circumstances it’s filtered metropolis water being processed in a producing plant. Different bottled water is ‘spring’ water and there are not any ensures that it’s really pure and free from any contamination.
• Water shortage and availability of fresh ingesting water proceed to be a few of the gravest issues which humanity faces
• Within the latest instances, water has turn into an vital matter as India battles eventualities of water contamination and shortage.
• Not too long ago the PM has additionally spoken about Water from Air know-how
• In an attention-grabbing growth Wall Avenue has began buying and selling in water as a commodity.
• By 2025, over 1.8 billion folks shall be residing in nations with absolute water shortage and over 2/third of world’s inhabitants will face water shortages
• In India, rampant digging of Bore wells has resulted in reducing of floor water and the decrease we go the standard of water reduces
• Whereas the rainfall has been respectable this yr, low rainfall in the previous few years has additionally led to water shortage
• Inside the subsequent decade, India is anticipated to have double the water demand in comparison with provide. India additionally ranks 13 among the many 17 worst affected nations when it comes to water disaster. As per Niti Aayog stories 21 main cities of India shall be out of water by subsequent yr. Cape City and Chennai is already on Zero day.
• The federal government, beneath its ‘Jal Shakti Abhiyan’ has additionally underlined the necessity for freshwater for every family. This confirms the necessity for options akin to Airowater which might remedy issues of water shortage, unhealthy high quality water and sustainability.
• It’s going to be an enormous market within the coming years. The product demand in India is anticipated to achieve USD 300 million by 2027 owing to the speedy industrial development coupled with rising development and manufacturing actions within the nation.
Airowater Personal Restricted, India’s pioneering Atmospheric Water Generator firm, was born out of the concept to supply an progressive, sustainable, and inexpensive answer to fulfill the rising demand for freshwater. Primarily based in Mumbai, Airowater is skilled in manufacturing and designing of a patented know-how, which solves a world downside.
It has technologically superior merchandise, backed by 3 Indian and 6 US patents, which can be inexpensive, fixing twin issues of water shortage and clear ingesting water. It’s environmentally pleasant, scalable, and straightforward to put in the product. Airowater has been accredited and authorized by main labs like Equinox Labs, Envirocare Labs, NABL, and Geo Chem.
For extra info, please go to – www.airowater.com.
Picture: Mr. Siddharth Shah, Director of Airowater
Disclaimer :- This story has not been edited by Outlook employees and is auto-generated from information company feeds. Supply: PTI