MTI Partners has announced the investment of £250,000 in Arvia Technology, an award winning North West based Global Cleantech 100 company, as a first part of a substantial investment round expected to reach £750,000.
This second round investment, made by the UMIP Premier Fund (UPF), is recognition of a number of impressive user trials of Arvia’s water treatment technology, and ever increasing commercial interest from a broad range of markets.
This investment follow the recent MTI led UPF deal with intelligent telecoms power solutions provider PowerOasis, and reaffirms MTI’s commitment to targeting investments in the clean-tech and environmental technology sectors.
Arvia has developed an innovative and market changing low-energy water treatment method that uniquely requires no added chemicals and produces zero secondary solid or liquid waste for disposal. This makes Arvia’s solution highly cost effective and maintenance free for substantial periods of time.
MTI’s Investment Manager Dr Mark Rahn commented: "Arvia Technology has made significant progress towards commercialisation since our first investment in September 2008. Its water treatment technology has matured from being impressive in the laboratory, to a proven market changing, and most importantly, commercially viable proposition."
Mark concludes: "I have no doubt that Arvia will achieve accelerated commercial success in the coming months."
MTI’s Managing Partner and head of its clean-tech practice, David Ward added: "Arvia is an excellent example of a MTI providing follow-on funding after a successful initial investment made in a fledgling platform technology company in the North West. We have made three North West Energy and Environmental sector investments in the last 12 months and we are looking to invest in other clean-tech companies across the region."
Arvia’s CEO, Martin Keighley, commented: "There is still a lot of work to do, but this investment comes at a crucial time as we step up taking this innovative and highly disruptive technology to market."
Martin concludes: "Global interest in Arvia has grown rapidly in recent months, with enquiries coming from the likes of the United States, France and Israel, and the big challenge is to now deliver on opportunities from markets as broad as groundwater remediation, nuclear decommissioning and pulp & paper."