This funding will be utilised to Accelerate Scale and Innovation in Sustainable Water Solutions.
Membrane Group India Pvt. Ltd. (“Membrane Group”), a leading provider of advanced process water and wastewater treatment solutions, has secured an investment commitment of US$50 million from GEF Capital Partners’ South Asia Growth Fund III to further strengthen its capabilities.
The fund will be used to strengthen Membrane Group’s capability to deliver Ultrapure Water (UPW), Wastewater Treatment, Water Reclamation, and Zero Liquid Discharge (ZLD) systems for high-growth industries such as solar photovoltaics, semiconductors, microelectronics, and advanced manufacturing. It will enable Membrane Group to enhance project execution capacity, invest in advanced R&D and develop innovative Resource Recovery Solutions. This investment from GEF Capital Partners marks a major milestone in Membrane Group’s mission to emerge as a global, technology-driven process water and wastewater treatment company from India through execution of large-scale, multi-GW projects in India and abroad with enhanced speed, reliability, and transparency.
Commenting on the fund-raise, M M Narang, Chairman, Membrane Group said, “This signifies the trust we have built with our customers, partners, and employees. With GEF Capital Partners’ support, we are in a better position to further enhance our scale, accelerate investment in innovation, and drive our mission to build a global, technology-driven and climate responsible process water and wastewater treatment company in India.”
Abhishek Loonker, Managing Director, GEF Capital Partners said, “We are delighted to partner with Membrane Group at a crucial phase in its growth journey. Water is one of the defining resource challenges of our time, and India is a critical market for sustainable and technology-driven solutions. Membrane Group combines the right technology, leadership, and vision to emerge as a global player from India, and we look forward to supporting its capacity scale-up initiatives.
