Mapal has surpassed its fund target of £400,000 via Crowdcube, with 475 new investors choosing to inject over £467,000 (€546,000) into the business that has completed over 100 installations of its energy-saving, wastewater aeration solutions.
Due to the high demand, the deadline to invest was extended by 14 days as more and more parties expressed their interest in becoming part of the Mapal success story, which has seen projects delivered worldwide, including the UK, Australia, Israel, South Africa and Chile - with critical acclaim.
Mapal’s chairman/director, Ilan Diamond, commented: “It is very encouraging to not only achieve our target, but beat it. Investors can clearly see the major benefits and huge potential of our innovative systems that are 50-60% more efficient than traditional mechanical surface aeration.”
He added: “As well as providing general working capital, this new boost in funds will enable us to further develop our sales and marketing teams. We can also fund a pre-sale trial (rental) fleet and continue to develop our key research into ammonia removal in aerated lagoons.”
Diamond explained that while some aeration methods partly address higher than ever energy (and maintenance) costs of conventional surface treatment, they often require very specific conditions.
This can prove price-prohibitive as a new-build, and requires the process to be shut down for upgrades, resulting in costly and potentially damaging downtime.
In contrast, Mapal’s floating and retrievable fine-bubble aeration solutions, which do not need a levelled floor, can be installed and maintained while the plant is operating; without personnel having to enter the wastewater.
Visit: mapal-ge.com
Boost for wastewater aeration business as Mapal hit investment target
