CapDI desalination gets commercial roll-out financing
Desalination startup company Voltea Limited announced on 31 August 2010 that it has completed a € 3.6 million financing round to support the commercial roll-out of its breakthrough Capacitive Deionization (CapDI) technology.The funding was led by Rabo Ventures and included existing investor Pentair Inc.
Voltea's CapDI technology is the result of over 10 years of government and commercial R&D. The company says that its field-demonstrated technology offers the first clean desalination systems capable of high water recovery and chemical-free operation, whilst consuming substantially less energy than alternatives. CapDI systems are scalable and have already been proven effective in applications ranging from domestic appliances to industrial and utility water production.
"Working with industry leaders, our technology has proven itself to be a breakthrough in low-energy, low-cost water desalination," said Michiel Lensink, CEO of Voltea. " As we continue our growth, we are keen to seek out industry leading partners who can further strengthen our position. In line with this aspiration, we are very pleased to be strengthening our shareholder base today by having Rabo Ventures on board."