Israeli-based fine bubble wastewater aeration solutions Mapal has surpassed its fund target of £400,000 via Crowdcube, with 475 new investors choosing to inject over £467,000 into the business that has completed over 100 installations of its energy-saving, wastewater aeration solutions.
Due to its high demand, the deadline to invest was extended by 14 days as more parties expressed interest in becoming part of Mapal’s story, which has seen projects delivered worldwide, including the UK, Australia, Israel, South Africa, and Chile.
Mapal chairman and director, Ilan Diamond, said, “Investors can see the benefits and potential of our innovative systems that are 50-60% more efficient than traditional mechanical surface aeration. As well as providing general working capital, this new boost in funds will enable us to develop our sales and marketing teams. We can also fund a pre-sale trial fleet and continue to develop our ammonia removal in aerated lagoons research.”
Diamond added that while some aeration methods partly address higher energy and maintenance costs of conventional surface treatment, they require 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.
