Emerald Technology Ventures and Mela Ventures led a $4 million Series A investment for INDRA, a manufacturer of smart water treatment equipment. The Climate Angels and Peak Sustainability Ventures also participated in the financing.
Up to 99% of the treated water can be recovered using INDRA’s plug-and-play patented water treatment system, which requires 90% less space than other systems. It can be used independently or in conjunction with currently available water treatment technologies.
Amrit Om Nayak, Co-Founder and CEO, INDRA, said, “Solving the wastewater treatment challenge needs continuous innovation and relentless commitment. I am very excited that Mela Ventures shares the same passion for sustainable solutions. This partnership gives us a lot of conviction to confidently pursue and deliver on our promise to drive the world’s transition towards sustainable water management.”
With its flexible and unique solutions, INDRA can address industrial needs while meeting the quality standards set by environmental and regulatory authorities worldwide. The conventional technique is inefficient due to excessive chemical use, sludge production, and environmental impact.
Krishnakumar, Managing Partner at Mela Ventures, said, “Our investment in INDRA aligns well with sustainability, which is one of our key investment focus themes. Wastewater treatment is a pressing problem demanding urgent global attention. I am very excited as INDRA solves this challenge comprehensively with minimal infrastructure and space requirements in a sustainable manner. The team led by Amrit and Krunal is very passionate about wastewater management. I wish the team the best in making the world self-sufficient when it comes to water usage.”
INDRA, which was co-founded in 2017 by Amrit and Krunal, uses a patented electro-chemical oxidation and coagulation technology to handle the complicated challenge of water treatment in the industrial and sewage segment.