Wayout International Raises €2.42 Mn in Series A Extension Round

The company has created a proprietary platform that can produce safe drinking water locally from almost any water source. Its system combines advanced water purification, mineral balancing, reusable delivery solutions, smart dispensing technology, and digital monitoring.

Wayout’s platform is designed to tackle major challenges in the water industry, including water shortages, ageing infrastructure, rising transportation costs, plastic waste, carbon emissions, and increasing consumer demand for high-quality and transparent water solutions.

According to CEO and founder Ulf Stenerhag, the new funding is an important milestone for Wayout. He said the company is now moving beyond proving that its technology works and is focusing on deploying it on a larger 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."

According to Rodrigo Verduzco, Deputy CEO, Wayout International: “As we enter this next phase, our focus is on building the partnerships and market presence required to accelerate deployment at scale. We believe Wayout is uniquely positioned to become a defining infrastructure platform for the future of drinking water, and this oversubscribed round is a strong validation of our vision, our team and the trust our investors and partners have placed in us.”

The new funding will help Wayout move from developing its technology to launching it commercially. The company plans to use the money to carry out its first commercial projects and bring its solutions to more customers.

The funds will also support further development of the platform, strengthen strategic partnerships, and speed up Wayout’s expansion into international markets.