Wednesday, December 4, 2024
No menu items!
HomeFunding & InvestmentAlthion Secures Rs 3.6 Crore in Pre-Series A Funding for Water Purification...

Althion Secures Rs 3.6 Crore in Pre-Series A Funding for Water Purification Innovations

- Advertisement -

Water-tech startup Althion has successfully secured Rs 3.6 crore in its pre-Series A funding round, led by IAN Group-powered BioAngels. The round also saw participation from influential investors such as Arun Seth, Om Manchanda, KNK Venkatraman, and Shubham Rastogi.

Based in Hyderabad, Althion had previously raised $180K from C-CAMP and other investors. The newly raised funds will be directed towards piloting the production of 40 units of its groundbreaking tabletop laboratory water purification system. Additionally, the funds will support research and development focused on enhancing kidney dialysis efficiency and sustainability, as well as expanding the company’s operational capacity through a larger facility.

Founded in 2017 by Surya Rao, Althion specializes in developing state-of-the-art ultra-pure water systems catering to the healthcare, research, and semiconductor industries. The company’s innovations are aligned with the Make in India initiative and are supported by BIRAC, helping dialysis centers, biotechnology laboratories, and leading hospitals across India.

Althion’s mission is to bridge the gap in high-cost water purification solutions by offering affordable, high-quality alternatives. The company’s proprietary Althion Remote Monitoring System (ARMS) adds to its competitive edge by enabling predictive and preventive maintenance. Institutions such as Sir Ganga Ram Hospital, Homi Bhabha Memorial Cancer Centre, Narayana Hrudayalaya, and Nephroplus centers already rely on Althion’s products.

The company’s progress has been bolstered by BIRAC grants for the development of its tabletop and kidney dialysis products, alongside seed funding from C-CAMP Bangalore and AIC CCMB Hyderabad. Althion is also set to receive funding for CE marking and USFDA certifications, enabling its expansion into international markets, including Latin America, Africa, and Asia.

RELATED ARTICLES

Most Popular

Recent Comments