Wayout has successfully closed an oversubscribed Series A extension, set to support the deployment of its distributed drinking water infrastructure and tackle single-use plastic waste.
The proprietary infrastructure platform is designed to produce safe drinking water from ‘virtually any’ local water source using advanced purification, controlled mineralisation, reusable logistics, smart dispensing and digital monitoring.
Alongside plastic waste, Wayout’s solution intends to address carbon emissions, water stress, ageing infrastructure, rising transportation costs, and increasing consumer demand for transparency and quality.
As the company enters a new phase of commercial deployment and scaling, Wayout reveals that its Series A funding round closed at SEK 26.6 million – an oversubscription of SEK 10.6 million.
The funding is set to support the transition from technology development to initial commercial projects, continued industrialization, expanded strategic partnerships, and international market activities.
The new investors are also anticipated to bring strategic value and growth through industry expertise, commercial networks, and operational experience.
First commercial orders are expected to be signed shortly. Wayout also highlights its strengthening sales pipeline across Latin America, Africa, the Middle East and Asia.
“This financing marks an important milestone for Wayout,” says CEO and founder Ulf Stenerhag. “We are moving from proving the technology to deploying it at scale.
“The strong support from both existing and new investors reflects growing confidence in our vision and in the market opportunity ahead. We believe the world needs a new model for drinking water infrastructure one that is local, resilient, digitally connected and significantly more sustainable than traditional alternatives.”
Matthias Riehle, former chairman and CEO of Nestlé Waters Middle East and Asia, was recently appointed as working chairman at Wayout, and the company is reportedly involved in ongoing commercial discussions in multiple markets.
“This milestone further validates the urgency and relevance of Wayout’s mission globally,” adds deputy CEO Rodrigo Verduzco. “As we enter this next phase, our focus is on building the partnerships and market presence required to accelerate deployment at scale.
“We believe Wayout is uniquely positioned to become a defining infrastructure platform for the future of drinking water, and this oversubscribed round is a strong validation of our vision, our team and the trust our investors and partners have placed in us.”
In other news, evian previously joined forces with Wimbledon to operate a refill system for spectators. First introduced for players in 2023, the system was expanded to provide attendees with water refills in food court areas, mobile carts, and the queue.
More recently, Smartfill and DY|DX have open-sourced the core design and technical architecture of their dispensing systems for liquid FMCG products earlier this year. First developed alongside Unilever and Bopinc, the system is designed to tackle the global challenge of high hardware costs by allowing users to adopt the system for less than US$50 per dispenser.
Packaging Europe also took a deep dive into the tourism sector’s approach to water refills, including EcoDrop’s refillable bottles and machines at Victoria Falls and surrounding areas, in a previous edition of the Brief.
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