Down to the last drop: Oxyle raises €15.3 million to remove pollutants from wastewater

Today, Zurich-based Oxyle introduced a EUR15.3 million financing round to scale its ClimateTech remedy to “ damage, not simply transfer” Perfluoroalkyl and Polyfluoroalkyl Compounds (PFAS) contaminants from wastewater.

The seed round was led by 360 Funding, with involvement from Axeleo Funding and returning financiers Founderful and SOSV.

This improves its EUR2.8 million pre-Seed round in 2022, elevating its overall financing to EUR25 million, consisting of added non-dilutive financing from gives and honors.

“ 5 years earlier, Oxyle was 2 people creators and one concept: eliminate for life chemicals from our water. Today, that concept is confirmed, executed, and prepared to range. This financing is a game-changer. It provides us what we require to take our modern technology to the sectors and areas that require it most. To our financiers, old and brand-new, thanks for joining us on this objective to clean water a truth for all,” claimed Dr. Fajer Mushtaq, CHIEF EXECUTIVE OFFICER & Founder, Oxyle.

When Dr Mushtaq activated the faucet as a kid in Delhi, one inquiry constantly impended: was the water risk-free? Today, that exact same inquiry haunts areas worldwide as PFAS– poisonous ‘for life chemicals’ made use of in whatever from non-stick frying pans to firefighting foam– pollute water products at a disconcerting price.

A 2024 briefing by the European Environment Agency (EEA) highlights the prevalent problem of PFAS contamination in European waters. Surveillance information from 2018 to 2022 show that perfluorooctane sulfonate (PFOS), an usual PFAS substance, regularly goes beyond regulative limits made to shield human health and wellness and the atmosphere. Particularly, 51-60% of rivers, 11-35% of lakes, and 47-100% of transitional and seaside waters went beyond the yearly typical ecological high quality criteria for PFOS throughout this duration. This extensive contamination postures a substantial difficulty to the EU’s objective of accomplishing a toxic-free atmosphere and obtaining great chemical standing for Europe’s water bodies by 2027

Established In 2020 by Dr Mushtaq and Silvan Staufert, Oxyle is the “ globe’s very first affordable, lasting, and long-term solution to PFAS contamination“. Their PFAS catalytic devastation modern technology equips commercial and ecological removal business in their battle versus PFAS.

In 4 years, the duo have actually assisted Oxyle from advancement to application. The business has actually expanded to a group of 26 and finished over 20 consumer jobs. With revenue-generating consumer pilots under its belt and its very first business setup functional, Oxyle is currently safeguarding multiple-year therapy agreements for 2025 and past.

Oxyle insurance claims to not simply filter or adsorb PFAS, however to remove them completely to listed below discovery restrictions. With a reported 15x reduced typical power intake than various other damaging therapies and a 99% removal price, it seems one of the most power reliable, economical therapy on the marketplace.

According to Oxyle, sectors have actually long dealt with PFAS therapy. Existing techniques like filtering and adsorption simply relocate PFAS from water to various other waste streams, needing costly incineration or landfilling that takes the chance of these chemicals seeping back right into the atmosphere via air or dirt– producing an unlimited cycle of contamination.

While some modern technologies can damage PFAS, their power demands can make them economically unwise for organisations to apply at range.

Oxyle’s three-stage procedure integrates foam fractionation, catalytic devastation, and real-time surveillance powered by artificial intelligence– all housed in a modular system that gets rid of the requirement for additional garbage disposal via incineration or landfilling.

Whereas choices need weeks-long laboratory evaluation, Oxyle’s exclusive surveillance system gives instantaneous comments and constant therapy optimization.

The modern technology’s performance has actually been confirmed throughout several applications. In groundwater therapy, it supposedly minimizes PFAS focus from 8,700 ng/l to listed below 14 ng/l. For dirt clean water, it attains 99.8% elimination of 11 various PFAS types. It got rid of 98% of short-chain PFAS and lowered trifluoracetic acid (TFA) focus by 96% in tests with a commercial consumer.

The majority of dramatically, in November 2024, Oxyle released its very first major system in Switzerland, dealing with 10 cubic meters of infected groundwater per hour at much less than 1 kWh/m ³.

“ We are pleased to lead the financial investment in Oxyle, whose introducing modern technology resolves the substantial international difficulty of PFAS contamination,” states Thomas Nivard, Companion at 360 Funding. “ Unlike standard techniques that simply consist of these hazardous chemicals, Oxyle’s remedy ruins them completely, establishing a brand-new requirement for tackling this immediate ecological dilemma. This is a video game changer. The group’s phenomenal business and technological energy has actually laid a solid structure for developing a real modern technology leader in the coming years“

According to Oxyle, more stringent guidelines in both the EU and united state are enhancing need for innovative therapy modern technologies that can make sure conformity and reduce obligation. New information from the Forever Lobbying Task information the expense of passivity– tidying up Europe’s dirt and water from PFAS contamination can set you back EUR100 billion annually, amounting to EUR2 trillion over the following two decades.

Looking in advance, Oxyle intends to deal with 100 million litres of infected water in the following 5 years. The business intends to broaden its remedy throughout sectors, from chemical and durable goods making to semiconductor manufacturing and local water therapy.

The article Down to the last drop: Oxyle raises €15.3 million to remove pollutants from wastewater showed up initially on EU-Startups.