Lisbon-based Membrion, a leading provider of advanced membrane technology, has recently announced securing €11.4 million in Series B funding. The investment will be used to expand their innovative desalination technology across various industries, revolutionizing the way water is purified and making it more accessible worldwide.
Desalination, the process of removing salt and other impurities from seawater or brackish water, has become increasingly important as freshwater resources continue to dwindle. With the global population growing and climate change exacerbating water scarcity, finding sustainable solutions for water purification is crucial.
Membrion’s breakthrough technology offers a cost-effective and energy-efficient solution to desalination. Traditional desalination methods, such as reverse osmosis, require high energy consumption and expensive infrastructure. Membrion’s membranes, on the other hand, are made from a unique material called silica gel, which is both highly permeable and durable.
The use of silica gel membranes allows Membrion’s desalination systems to operate at lower pressures, reducing energy requirements by up to 50% compared to conventional methods. This not only makes the process more environmentally friendly but also significantly lowers operational costs.
The Series B funding will enable Membrion to scale up production and meet the growing demand for their innovative technology. The company plans to expand its manufacturing facilities and invest in research and development to further enhance the performance of their membranes.
While desalination has primarily been associated with providing drinking water in arid regions, Membrion aims to extend its applications to various industries. Their membranes can be used in wastewater treatment plants, industrial processes, and even in agriculture for irrigation purposes.
By expanding into these sectors, Membrion hopes to address water scarcity challenges across different industries. The ability to efficiently purify water on a large scale will not only ensure a sustainable water supply but also contribute to economic growth and environmental preservation.
The funding round was led by a consortium of investors, including prominent venture capital firms and strategic partners. Their support reflects the confidence in Membrion’s technology and its potential to disrupt the desalination market.
In addition to expanding their desalination technology, Membrion also plans to invest in research and development for other applications of their silica gel membranes. These include energy storage, gas separation, and biomedical applications, further showcasing the versatility and potential of their innovative material.
Membrion’s success in securing Series B funding highlights the growing interest in sustainable water solutions and the recognition of their technology’s potential. With their advanced membrane technology, the Lisbon-based company is poised to make a significant impact on global water scarcity, providing a more accessible and environmentally friendly solution for water purification across various industries.
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- Source: Plato Data Intelligence.