Climate VC Fund Invests in NovoLabs to Catalyse Sustainable Wastewater Treatment
A Bold Step Toward Reducing Carbon Emissions and Paving the Way for Eco-friendly Water Treatment Solutions
At Climate Venture Capital Fund, we are committed to investing in innovative solutions that not only deliver strong financial returns but also contribute significantly to reducing greenhouse gas emissions. Today, we are excited to share our latest investment in NovoLabs, a visionary water treatment start-up with a mission to transform the way we disinfect wastewater, making it more sustainable and environmentally friendly.
A Green Solution with Global Potential
NovoLabs, originally incubated at Massey University in New Zealand, has developed a groundbreaking ultraviolet (UV) disinfection technology that has the potential to disrupt a $5 billion global market. Their next-generation, patented UV disinfection technology is not only highly effective but also chemical-free, avoiding the high electricity consumption associated with alternative methods.
NovoLabs’ technology has the potential to replace traditional treatment facilities and improve water quality while reducing emissions. By avoiding the use of large amounts of chemicals for disinfection and clarification, and promoting circular nutrient flows, NovoLabs is paving the way for a more sustainable future.
A Pioneering Investment in NovoLabs
We are delighted to be the lead investor in the round that will enable NovoLabs to take their innovative solution to new heights.
NovoLabs’ potential to reduce CO2-e emissions at scale, along with their strong IP protection and solid positioning to expand production to meet growing customer demand aligns perfectly with our goal of mitigating climate change while delivering attractive commercial returns to our investors.
A Bright Future Ahead
We believe that NovoLabs’ Supercritical UV™ technology represents a game-changing innovation in the field of water treatment. It’s a technology that not only offers a lower-cost treatment solution but also expands the boundaries of where UV disinfection can be applied, addressing applications that were previously challenging.
Our co-founder, Dr. Jez Weston, sums it up best:
Dr. Jez Weston
Partner
Climate VC Fund
"NovoLabs' technology is a compelling solution for a sector in search of new and affordable alternatives. It allows water treatment plants to save on their operating costs, reduce greenhouse emissions, and protect communities and ecosystems by killing pathogens. It's a promising technology with the potential to make a significant impact."
We are delighted to support NovoLabs on their journey to revolutionise water treatment.
We invite you to learn more about NovoLabs and their game-changing technology by visiting their website at novolabs.co.nz. You can also read more about the investment in the New Zealand Herald.
Stay tuned for updates on their progress and the positive impact they are making on the environment and communities around the world.