Aquasolis Global was one of the gamechangers pitching at the Nordic Startup Evening in Mumbai 1st November, that had the business angels that were present very interested.
Nitesh Shail of Aquasolis said that the network they gained through the Nordic Startup Evening was immense.
With a view to contribute towards the UN sustainable development goal, Aquasolis is a Norwegian high technology company, that specializes in highly efficient RO (reverse osmosis) based water recovery and desalination, making massive savings on operational costs and making a more positive environmental impact. Their revolutionary technology is able to provide very high water savings.
Written by: Shalaka Mainkar
The Aquasolis Global team
According to the United Nations Development Programme, 3 in 10 people lack access to safely managed drinking water services. An estimated 663 million people do not have access to safe and affordable drinking water. Here’s where water purification systems come into play. Most heavy duty water purification systems are expensive and therefore out of reach of the poorer strata of the population. Aquasolis has been making waves with its RO water systems, which aren’t just cheaper but also consume 34 percent less energy than traditional RO systems. They can also be powered with clean energy, like solar power.
Aquasolis now has plans to bring safer drinking water to large swathes of society in one go and tackle the problem of drinking water scarcity in developing countries. UN says that 663 million still rely on unimproved water sources. They have a two pronged solution to this problem; decentralised water treatment plant and IoT (Internet of Things) enabled water purification and vending machines. In Tanzania alone, there is huge market opportunity for a venture such as this, valued at $300 million. Aquasolis aims to tap into that market by selling water to the consumers directly, where the water will be treated on demand. They also intend to sell units to industries for water recovery.
While they do face competition mainly from bottled water and water sachets, they also have a competitive edge. In that, there is less water wasted in their operations and the operational costs itself are lower. All of these combined, amount to lower prices for the consumer.
When asked about their pitch, Aquasolis said, “We’re very excited to witness a Nordic and Indian collaboration like this! We intend to start with villages, followed by apartments, complexes and industrial applications. Our final goal is to have a couple of desalination plants.”
Aquasolis has already made remarkable headway, with the first unit already installed in Mwanza, Tanzania. Through Smartfit Tanzania, they have in the pipeline contracts with five universities. To top things off, they are actively working with an NGO called Basecamp Explorer Foundation, where they assist with consultancy and sales.
What Aquasolis needs to execute their vision is access to villages that require water treatment and that could possibly pay a very small amount for it. On the financial front, Aquasolis requires $100,000 to $150,000 for the installation of the initial 10 water purification units. Since Aquasolis has a vision that is by no means small, they’re keen on the guidance and expertise that long term investors can provide. They would also like to partner with certain entities that would help them work reducing any negative impact. Another partnership that they had in mind is with Nordic Hub India’s Smart Village Program – starting 2019.
Aquasolis has already partnered with UiA Nyskaping, Startup Lab, Innovation Norway, Smartfit and YSI (Young Sustainable Impact).
How Nordic Hub India can help
Nordic Hub India´s mission is to connect startups with opportunities. The main tools are the Hub´s programs, networking events and the ability to connect startups with the right people or organizations in a fast growing network.
Of their experience at Nordic Hub India’s Startup Evening, Aquasolis said, “Nordic Hub India’s startup evening was great. We gained an immense network.Receiving feedback from Titan Capital is rare and it happened. Aquasolis Global was even invited by Limitless Ventures Bangalore after the event.”