Wayout International, the Swedish developer of Distributed Drinking Water Infrastructure, today announced the successful closing of a €2.42 million (SEK 26.6 million) Series A extension. The round was oversubscribed by €956,000 (SEK 10.6 million), reflecting strong support from both existing shareholders and new strategic investors with significant industry expertise.
Wayout has developed a proprietary infrastructure platform that enables safe drinking water to be produced locally from virtually any water source through an integrated ecosystem of advanced purification, controlled mineralisation, reusable logistics, smart dispensing and digital monitoring.
The platform is designed to address some of the most significant challenges facing the global water industry, including water stress, ageing infrastructure, increasing transportation costs, single-use plastic waste, carbon emissions and growing consumer demand for transparency and quality.
According to Ulf Stenerhag, CEO and Founder, Wayout International, the financing marks an important milestone for Wayout. We are moving from proving the technology to deploying it at scale.
"The strong support from both existing and new investors reflects growing confidence in our vision and in the market opportunity ahead. We believe the world needs a new model for drinking water infrastructure, one that is local, resilient, digitally connected and significantly more sustainable than traditional alternatives."
