Total amount raised
$4.3 Millions
Latest funding date
10/01/2024
Location
Uravu Labs has successfully raised funding through multiple rounds, with notable investors including AWE Funds and JITO Angel Network. The company specializes in renewable water technology, using atmospheric moisture and renewable energy to produce drinking water.
Keep reading to explore the intricacies of Uravu Labs' fundraising journey and the investors backing this innovative platform.
What Is Uravu Labs?
Uravu Labs, founded in 2017, is based in Bangalore, Karnataka, India. The company specializes in developing renewable water technology that uses atmospheric moisture and renewable energy to produce drinking water.
The founders of Uravu Labs are Govinda Balaji, Pardeep Garg, Swapnil Shrivastav, and Venkatesh RY. Their innovative approach aims to make water generation decentralized, modular, and scalable, ensuring reliability in various weather conditions.
With a team of 51-100 employees, Uravu Labs continues to push the boundaries of water technology, offering solutions that are both sustainable and efficient.
How Much Funding Has Uravu Labs Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2024
- Lead Investors: AWE Funds
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Uravu’s capacity to provide sustainable water sourcing solutions and expand its premium beverage model.
- Seed Round
- Amount Raised: $2.3M
- Date: March 2023
- Lead Investors: Anicut Capital, Rocketship.vc, Speciale Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technological capabilities.
- Seed Round
- Amount Raised: $2M
- Date: August 2022
- Lead Investors: Anicut Capital, Rocketship.vc, Speciale Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and deploy their water technology solutions.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2021
- Lead Investors: Speciale Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their innovative water technology.
Total Amount Raised: $4.3M
Current Valuation: Not publicly disclosed
Key Investors
- AWE Funds
- Details: AWE Funds is a venture capital firm focused on supporting innovative solutions that address critical challenges like water scarcity and promote sustainability. Seema Chaturvedi, Founding Partner at AWE Funds, has expressed strong support for Uravu's zero-carbon water solutions.
- Investment Focus Areas: Sustainability, water technology, renewable energy
- Notable Investments: Not publicly disclosed
- Anicut Capital
- Details: Anicut Capital is a prominent investment firm that provides financial support to startups and growth-stage companies. They are known for their mission-aligned investments in sustainable and impactful solutions.
- Investment Focus Areas: Technology, sustainability, growth-stage companies
- Notable Investments: Not publicly disclosed
- Rocketship.vc
- Details: Rocketship.vc is a venture capital firm that invests in early-stage startups with high growth potential. They focus on companies that leverage technology to create significant impact.
- Investment Focus Areas: Technology, early-stage startups, high growth potential
- Notable Investments: Not publicly disclosed
- Speciale Invest
- Details: Speciale Invest is a venture capital firm that supports startups with innovative and sustainable solutions. They are committed to backing companies that aim to make a positive impact on the world.
- Investment Focus Areas: Innovation, sustainability, impactful solutions
- Notable Investments: Not publicly disclosed
What's Next for Uravu Labs?
Uravu Labs stands at the cusp of significant growth, with opportunities to expand into the hospitality sector and beyond. Their innovative water-from-air technology is poised to meet the needs of industries like pharmaceuticals and data centers, which require large volumes of water. The total addressable market for their solutions is valued at over USD 320 billion, indicating vast potential for expansion.
Given the substantial market size, Uravu Labs is likely to attract further investments. The growing demand for sustainable and zero-carbon solutions aligns well with industry trends, making future fundraising rounds a strong possibility. However, scaling their technology to meet industrial demands and navigating regulatory requirements will be critical challenges.
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