# PowerTech Water

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/powertech-water

- Industry: Environmental Services
- Headquarters: Lexington, US
- Website: www.electramet.com
- Total disclosed funding: $7.6M
- Latest round: Series B (Jun 9, 2021)
- Investors on record: 5

## About

PowerTech Water, Inc. focuses on advanced wastewater treatment technologies, specializing in metal recovery to support compliance and sustainability across various industrial sectors.Founded in 2014, PowerTech Water, Inc. operates from its headquarters in Lexington, US, providing innovative wastewater treatment solutions. The company has completed 6 deals, with the most recent occurring on June 9, 2021, when it raised USD 6 mn in Series B funding led by HG Ventures. Cameron Lippert serves as CEO and is among the founders.ElectraMet specializes in advanced wastewater treatment technologies focused on metal recovery, offering a suite of systems designed to address various compliance, purification, and sustainability needs. The core product offerings include the Alpha, Phi, Delta, Gamma, Omega, and Iota systems, each engineered to optimize metal removal and recovery processes across diverse industrial applications, such as semiconductor manufacturing, EV battery recycling, and mining. The Alpha system enhances compliance with environmental regulations by ensuring effective metals removal, while the Phi system focuses on optimizing product quality through purification processes. Delta technology improves efficiency for mid-range concentrations, Gamma excels in the safe abatement of oxidants, and Omega provides bulk recovery solutions targeting sustainability in mining and microelectronics. The Iota serves as a smaller-scale system for evaluation purposes, enabling clients to assess removal effectiveness before larger implementations. ElectraMet markets its technologies primarily in North America and Europe, serving a client base that includes manufacturers, industrial producers, and laboratories that require efficient wastewater management solutions.ElectraMet generates revenue primarily through the sale and deployment of its proprietary wastewater treatment systems, which are offered on a direct-to-business basis. The company engages in B2B transactions, where clients typically enter into agreements for the installation and operation of these systems, alongside ongoing maintenance and support services. Revenue streams may include transactional sales of individual systems, subscription-based agreements for maintenance and monitoring services, and potential partnerships with industrial firms seeking to integrate ElectraMet’s technology into their existing processes. Specific pricing structures for products and services are determined based on the complexity of the installation and the scale of the wastewater treatment needs, tailored to the requirements of each client. By leveraging its innovative technologies, ElectraMet not only aims to enhance operational efficiencies for its clients but also targets long-term partnerships that contribute to sustained revenue growth.In June 2021, PowerTech Water, Inc. raised USD 6 mn in Series B funding led by HG Ventures. The company plans to utilize this funding to meet the demand for sustainable industrial water treatment, accelerate corporate partnerships, and expand operations. Future initiatives include the design and launch of new products aimed at enhancing wastewater treatment capabilities and targeting specific markets for expansion, although specific product release dates and additional markets have yet to be detailed.

## Funding rounds

- Series B, Jun 9, 2021, $6M — HG Ventures
- Series A, Sep 14, 2019, $1.5M — Bluegrass Angels, Mazarine Ventures, Harbor Street Ventures, Commonwealth Seed Capital Fund
- Seed, Jun 1, 2014, $0.1M — Bluegrass Angels

## Investors

- Bluegrass Angels (https://capitalatlas.ai/funds/bluegrass-angels) — Seed, Series A
- Mazarine Ventures (https://capitalatlas.ai/funds/mazarine-ventures) — Series A
- Harbor Street Ventures (https://capitalatlas.ai/funds/harbor-street-ventures) — Series A
- Commonwealth Seed Capital Fund — Series A
- HG Ventures (https://capitalatlas.ai/funds/hg-ventures) — Series B