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This month, we’re excited to introduce Gradiant, one of the world’s leading end-to-end water treatment and cleantech solutions provider and project developer. Gradiant announced on November 17, 2021 that it had raised more than $ 100 million in Series C funding. The round was led by Warburg Pincus LLC, a leading global growth investor, and Schlumberger New Energy, a pioneering technology provider. for the global energy industry, and has been oversubscribed from its original target of $ 65 million. This cycle brings Gradiant’s total funding to date to over $ 200 million since its inception.
The funding will allow Gradiant to further develop in strategic markets and industries; finance the equity contribution in the new project assets; accelerate the deployment of Gradiant’s innovation and technology offerings; and strategically acquire complementary and synergistic businesses in the areas of clean water and sustainability. The company plans to expand its business in key industries such as food and beverage, microelectronics, pharmaceuticals and mining, from its already established geographies in Asia-Pacific, the United States and in the Middle-East.
Gradiant was founded at the Massachusetts Institute of Technology (MIT) to solve the most difficult water treatment problems through sustainable technologies to positively impact the environment, society, and the economy. Gradiant develops and supplies advanced water and wastewater treatment facilities around the world, with a primary focus on the rapidly growing Asia-Pacific region, for global brand owners and manufacturers with critical needs for clean water and sustainable operations. The company offers a broad portfolio of proprietary and patented technologies and services for end-to-end clean technology solutions focused on water reuse, resource recovery, brine concentration for minimal liquid discharge and null (MLD / ZLD) and digital solutions for factory performance. optimization. Gradiant offers flexible models for design-build, operation-maintenance, and project finance based on specific customer needs and situations.
“Gradiant is on an exciting growth trajectory, led by a strong management team with a deep understanding of the water solutions their customers need to increase the sustainability of the supply chain,” said Roy Ben-Dor, Director General of Warburg Pincus. “Gradiant’s continued success reflects the progress the team has made in delivering differentiated and efficient clean water solutions to the world’s leading brands,” added Jeff luse, director of Warburg Pincus, who will also join the company’s board of directors.
Anurag Bajpayee, co-founder and CEO of Gradiant, added: “Our customers are owners of global Fortune 100 brands in major markets and industries. With the common theme they consume and process incredible amounts of water for critical operations that make the world go round for their essential products and services. Our customers increasingly face financial and social pressures to lead sustainable development by maximizing water reuse and resource recovery, and minimizing releases to the environment and energy consumption. They look to Gradiant for innovation, leadership and execution. Our solutions are ideal for enabling our clients to achieve their sustainability goals in order to meet the expectations of the stakeholders and the communities they serve. “
Ashok Belani, Executive Vice President of Schlumberger New Energy, said: “We look forward to collaborating with Gradiant’s expertise in resource management and recovery and advanced wastewater treatment through synergies in technology and strategic markets. Gradiant offers revolutionary clean water solutions that we can harness towards our shared vision of a sustainable future. “
The Mintz Energy & Sustainability team leading the Series C funding round included Eric Macaux, Kaoru Suzuki, Garret Galvin and Paula Valencia-Galbraith with support from Tom Burton and Sahir Surmeli. We are proud to have been a Gradiant partner for nearly 10 years and grateful to be part of the team as Gradiant continues to grow its business and provide innovative solutions to key customers around the world.
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