In a significant development for the cleantech industry, INDRA, a pioneering startup founded in 2017, has successfully secured $4 million in a Series A funding round. The funding was co-led by Mela Ventures and Emerald Technology Ventures, with additional participation from Peak Sustainability Ventures and The Climate Angels.
Founding Vision and Mission:
- Established in 2017 by Amrit Om Nayak and Krunal Patel, INDRA addresses the complex challenges of water treatment in the industrial and sewage sectors.
- The founders express their commitment to continuous innovation and sustainability in solving wastewater treatment challenges.
- INDRA utilizes an advanced electrochemical oxidation and coagulation process to address the wastewater treatment problem.
- The startup employs ionic reactions to eliminate a wide range of pollutants, such as heavy metals, suspended solids, phosphorus, fats, oil, grease, pathogens, and dissolved organics.
Key Features of INDRA’s Solution:
- Proprietary plug-and-play solution with a 90% space efficiency compared to existing alternatives.
- Boasts a remarkable water recovery rate of up to 99% in the treated water.
- Can be implemented independently or in conjunction with existing water treatment systems.
Initially focusing on effluents from textile, steel, pharmaceutical, and chemical manufacturing, as well as sewage from hotels and commercial properties.
INDRA claims to have made substantial positive contributions to environmental sustainability.
Reduced sludge generation by 4,500 tons, minimized the use of harmful chemicals by 3,600 tons, and cut greenhouse gas production by more than 850 tons compared to conventional water treatment solutions.
The successful Series A funding underscores INDRA’s potential to revolutionize water purification solutions for industrial and sewage applications.