The financing involved several major international investors, including Prime Partners Asia Merchant Capital of Singapore. To date, investors in HaloSource include the Masdar Clean Tech Fund, Unilever Technology Ventures, Origo Partners PLC and Mars Inc.
Since 2007, the company has raised more than $30m to help drive the global rollout of its drinking water business, which provides low-cost water purification technology and POU water purification without the need for electricity or piped water, and sells to regional, super-regional and multinational water device manufacturers that seek disinfection, bio-film inhibition and safe storage.
HaloSource has established multiple partnership arrangements in India, China and Brazil; all are rapidly growing economies in which the markets for drinking water products are growing at 20% per annum.
The company has also announced an agreement with WAL (SA), the Swiss-based international water filtration products company, for the use of its HaloPure disinfection cartridges in WAL’s jug and pitcher products, with an initial focus on South America, the Middle and Far East and European markets.
Source: HaloSource
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