Moleaer™ Secures Over $6 Million Investment led by Energy Innovation Capital
Financing allows for global commercial acceleration and expanded application development
May 29, 2018, 08:00 ET
LOS ANGELES, May 29, 2018 /PRNewswire/ -- Moleaer, the leading manufacturer of industrial scale Nanobubble Generators for water and wastewater treatment, agriculture irrigation, and oil-water separation, today announced the Company has raised over $6 million in funding led by San Francisco and Houston-based Energy Innovation Capital (EIC), the premier capital provider to energy innovators.
Moleaer's Nanobubble Generators provide unprecedented gas transfer and flotation capabilities for use in a wide variety of applications. By increasing gas transfer rates or by improving solids separation from water, wastewater and produced water, Moleaer provides customers with the opportunity to dramatically lower the cost and improve the performance of their water treatment, agriculture production, or industrial processes. The Company has already proven that nanobubbles can reduce energy costs at wastewater treatment plants by 40-to-80% and can increase crop yields by 25-to-50%.
"In just one year of commercial activity, Moleaer has repeatedly demonstrated the value of nanobubbles and its Nanobubble Generators through the 75 systems we have installed in wastewater treatment, crop production, and oil-water separation facilities," said Nick Dyner, CEO of Moleaer. "With this new funding, and through the support of EIC and their expertise in energy and water markets, we will continue to expand our product line to meet our customers' needs, venture into new applications where the unique properties of nanobubbles create significant customer value and develop global sales channels."
"Energy Innovation Capital is excited to work with Moleaer to support the commercial expansion of its XTBTM and nanoBoostTM Nanobubble Generators, novel technology which will help to solve the world's global water challenges," said Kevin Skillern, Managing Partner, EIC. "EIC's strategic relationships will support commercial activity in oil & gas, metals separation and other industrial applications where nanobubble technology can be transformational," Skillern added. In addition to securing this new funding, Moleaer has announced that Kevin Skillern has joined the Company's Board of Directors.
Moleaer™ (Latin for tiny air), a Los Angeles-based company, develops industrial scale nanobubble systems, resulting in a radical improvement to the economics of agriculture, separating metals, treating wastewaters and recovering oil. Nanobubbles are unique in that they do not float and have immense surface area. This combination allows nanobubbles to stay suspended in water for long periods of time, resulting in an unprecedented high rate of gas transfer. Moleaer's XTB™ Nanobubble Generators increase productivity, water quality, and eliminate maintenance expenses across a wide range of applications. For more information, visit www.moleaer.com
About Energy Innovation Capital
Energy Innovation Capital is the premier capital provider to energy innovators. EIC provides a platform for entrepreneurs to drive Silicon Valley innovation in the global oil, gas, energy, and water industries. www.energyinnovationcapital.com.
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