Membrane Group Gets $50 Mn from GEF Capital To Scale Sustainable Water Solutions

Membrane Group India, on Wednesday, said that it has secured an investment commitment of US$50 million from GEF Capital Partners' South Asia Growth Fund III to further strengthen its capabilities.

M M Narang, Chairman, Membrane Group, said, "With GEF Capital Partners' support, we are in a better position to further enhance our scale, accelerate investment in innovation, and drive our mission to build a global, technology-driven and climate-responsible process water and wastewater treatment company in India."

The fund will be used to strengthen Membrane Group’s capability to deliver Ultrapure Water (UPW), Wastewater Treatment, Water Reclamation, and Zero Liquid Discharge (ZLD) systems for high-growth industries such as solar photovoltaics, semiconductors, microelectronics, and advanced manufacturing.  It will enable Membrane Group to enhance project execution capacity, invest in advanced R&D and develop innovative Resource Recovery Solutions.

This investment from GEF Capital Partners marks a major milestone in Membrane Group’s mission to emerge as a global, technology-driven process water and wastewater treatment company from India through the execution of large-scale, multi-GW projects in India and abroad with enhanced speed, reliability, and transparency.

Abhishek Loonker, Managing Director, GEF Capital Partners, said, “Water is one of the defining resource challenges of our time, and India is a critical market for sustainable and technology-driven solutions. Membrane Group combines the right technology, leadership, and vision to emerge as a global player from India, and we look forward to supporting its capacity scale-up initiatives.