DeepTech Startup Uravu Labs Raises $2.3 Mn In Seed Funding
Uravu Labs, a deep-tech startup, has raised $2.3 million in a seed round of funding from JITO Angel Network, Anicut Capital, Speciale Invest, and Rocketship. vc. The funding round also saw participation from Vesta, Spectrum Impact, ZNL Growth Fund, VERSO, Echo River Capital and affluent individual investors.
As per the startup, the raised funds will be used for commercializing its renewable water solutions and scaling up its operations and partnerships.
Uravu Labs | 100% Renewable Water Infrastructure
Founded by Pardeep Garg, Swapnil Shrivastav, Venkatesh RY, and Govinda Balaji in 2020, Uravu Labs is a Bengaluru-based startup that has developed a renewable water technology that utilizes atmospheric moisture to produce high-quality drinking water.
The Bengaluru-based startup uses liquid desiccants to absorb moisture and then recovers the absorbed moisture to create freshwater using only renewable energy sources such as biomass, solar energy, or waste heat.
Speaking about the development, Pardeep Garg, Co-founder of Uravu Labs, said,
“We are thrilled to take our renewable water solutions to the next level and expand our reach through new partnerships with leading players in the hospitality and beverage sector. We have reached a significant milestone in our journey and are determined to establish and grow the Uravu brand.”
The Bengaluru-based startup is expanding its reach globally and is planning its first international pilot project in Japan. As per the startup, this pilot project will serve as the first reference point for Uravu Labs in Japan and open many doors for the company in the country.
Commenting on the development, Rajat Mehta, Chairman at JIIF, said,
“We are thrilled to support Uravu Labs in their mission to provide affordable and scalable water solutions. Their technology has the potential to revolutionize the way we access and use water. This investment is a great opportunity to back a cutting-edge technology that can help address one of the most pressing global challenges of our time, and we believe in the team’s ability to execute their vision.”
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