Nexus Venture Partners-backed water treatment solutions company Greywater has entered into partnerships with leading financial institutions to offer its customers product financing services. The company did not disclose the names of the financial institutions with which it has partnered.
“Substantial initial capital expenditure is one of the biggest obstacles for greater adoption of waste water treatment and recycling practices in India. Through our joint efforts (with financial institutions) we strive to offer next generation and fully automatic sewage treatment plants at the best available financial terms, ” Arun Dubey, the company’s head of strategy and business development, said in a press release.
The Mumbai-based company’s compact plug-and-play products are currently being used in hotels, hospitals, commercial buildings, SEZs, IT parks, residential building and industrial complexes. The company claims that its products reduce space footprint by upto 70 per cent and energy requirements by upto 50 per cent compared to conventional treatment plants. The plants are designed and built to handle variable loads and require minimal manual intervention. Its roster of clients include Dahej SEZ, Mahindra Holidays, Oberoi Realty, Gemco Power, Unitech and Leighton Welspun. In March, it launched Grewa-R-S, a next generation, packaged and fully automatic sewage treatment plant.
Mumbai-based early stage investor Nexus invested $2 million in the company in 2011.
Image credit: Greywater