Ofwat £300m innovation fundOfwat will raise the size of its innovation fund to £300m, as it looks to encourage companies to be more efficient and come up with new idea...
Desalination for DubaiThe Dubai Electricity and Water Authority has received 29 expressions of interest for the first phase of the Hassyan seawater reverse osmosi...
Jialiquan Closes Series B Funding
- Equal Ocean
The water appliance brand Jialiquan has completed a Series B funding round of nearly CNY 100 million (USD 14.4 million), led by Fintrek Capital, followed by GGV Capital and Tiantu Capital, with Mumian Capital acting as the exclusive financial advisor. This round of financing will be mainly used for brand building and investment in the research and development of new categories of mineral water machines.
The reasons for this brand upgrade is that the team gradually found that the process of water purification, the addition of trace elements make mineral water than pure water taste more prominent, more conducive to human health, and consumer demand and awareness of mineral water is also stronger.