Aquaria, a San Francisco and Austin, TX-based company building communities and cities supplied with water from the sky, raised $112M in funding.
Backers included Mistletoe, Ciri Ventures, Soma Capital, HF0, Bow Capital, Umami Capital and Dick Gephardt.
The company intends to allocate the amount to develop and finance sustainable, secure water supply solutions for residential, hospitality, and commercial properties.
Founded in 2021 by brothers Brian and Eric Sheng, Aquaria is advancing atmospheric water generators (AWGs) that use patented materials science and heat exchange technology to offer the highest water production, while being energy efficient and affordable.
The scalable units enable developers to build on land without traditional infrastructure and water access, and can be deployed with solar and renewable energy options for net zero deployments.
FinSMEs
20/11/2024