WaHa closes US $8mn Series A-1 financing to accelerate global growth
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The funding eliminates debt, streamlines WaHa's cap table, and provides capital for major commercial milestones and future funding and also supports a growing pipeline of qualified sales opportunities in the UAE and GCC
Water Harvesting (WaHa), a climate technology company that develops innovative solutions for water scarcity, announced the completion of a US $8mn Series A-1 financing round and a corporate reorganisation. The round was lead by Chairman Mike Phillips and Board member Christian Thirion, with significant participation from the company's note holders and investors, including Berkeley Catalyst Fund, Anthropocene Institute, Vestafund, and Mitsui Mining & Smelting Co.
This funding eliminates all debt, streamlines WaHa's cap table, and provides the necessary capital to achieve its next major commercial milestones and secure its next funding round. Moreover, it supports a growing pipeline of qualified sales opportunities across the UAE and the broader GCC region. Field trials conducted at Khalifa University have demonstrated WaHa's ability to reliably harvest pure water in the UAE's harsh desert environment, characterised by extreme heat, low moisture, and frequent sandstorms, said a statement.
WaHa's upcoming event exhibition in Dubai will mark the unveiling of its first commercially available AWG unit. This event will provide an opportunity for utilities, developers, and industrial operators to explore WaHa's solutions and discover reliable, sustainable access to pure water.
Mike Phillips, Chairman of WaHa said, 'We've built a platform capable of transforming access to water across multiple sectors. This raise will enable us to establish solid traction for the WaHa Vaporator and improve water security in the UAE and broader GCC.'
Frank Ramirez, CEO of WaHa added, 'We're grateful for the support of our investors and partners, this is a major step toward delivering water where it's needed most—reliably, efficiently, and sustainably. We're proud of what our team has achieved and energised for what's ahead.'
Since 2023, WaHa has deployed its atmospheric water generation (AWG) systems in diverse and challenging environments, including West Texas, Abu Dhabi, a remote UAE desert site, Riyadh, and Stockholm. These systems have consistently achieved mechanical reliability, with a 99.998% reliability rate. Furthermore, they have consistently produced 98.3% of the target water volume, setting the highest sustained output in the AWG industry.
WaHa's extensive patent portfolio, comprising 14 patent families and 18 patents granted worldwide, safeguards its proprietary WaHa Vaporator technology. This modular system is designed to support off-grid installations and integrate with HVAC and agricultural systems. WaHa is negotiating commercial agreements for manufacturing, distribution, and long-term service and support, the statement concluded.
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