KUALA LUMPUR, May 22 (Bernama) -- Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, has raised US$225 million in its first close of Series D financing. (US$1=RM4.53)
According to Gradiant in a statement, the round was led by BoltRock Holdings and Centaurus Capital, bringing the company’s total funding to date to over US$400 million and its valuation to US$1 billion.
The company will use the new financing to continue its expansion into strategic markets to make Gradiant the preferred water partner of the world’s essential industries, and to support growth into new geographies and further fuel the company’s research and development programmes.
“This investment is a testament to Gradiant’s proven track record of rapidly inventing and commercialising water technologies to make a real difference in the economic and environmental footprints of our industrial customers.
“BoltRock and Centaurus share our vision and bring smart, long-term capital that will help Gradiant grow into the world’s most impactful water company,” said Gradiant Co-Founder and Chief Executive Officer, Anurag Bajpayee.
BoltRock Holdings Founder and Managing Member, Craig Huff and Mark Danchak of General Innovation Capital will join the company’s board.
Gradiant designs, builds and operates end-to-end water treatment solutions for the world’s most important industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, as well as renewable energy.
The company’s proprietary technologies and integrated digital solutions reduce water usage, reclaim valuable resources, and renew wastewater into freshwater for some of the world’s largest companies, including Micron, TSMC, GSK, Pfizer and Coca-Cola.
-- BERNAMA
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