Nanostart-holding New Asia Investments has closed a first round investment in De.mem Pte Ltd, a Singapore based Spin-off Company from Singapore’s Nanyang Technological University (NTU).
At the same time, it finances GD Wasser, a joint venture company based in Singapore and Vietnam, through a loan facility.
De.mem is a provider of de-centralized water treatment installations, with unique know-how to design, build, monitor and operate such projects, even over large geographical distances.
The company leverages on superior Singapore-developed membrane technologies, such as Reverse Osmosis or Ultrafiltration, as an advantage to deliver better yet cheaper water for the industries of the Southeast Asia region.
GD Wasser is a joint venture which targets in particular the Vietnamese water market, aiming to construct up to five new water treatment plants this year in the local market.
The first overseas high-tech remote-monitored water treatment plant was launched on May 10th, 2013 near Ho Chi Minh City.
During his new plant inauguration speech, Andreas Kroell, Partner, New Asia Investments, emphasized: “Our investment in De.mem and GD Wasser meet a strong market need for modern, but cost-efficient de-centralized water treatment technologies in Southeast Asia. Our new portfolio companies offer cost-effective solutions for emerging countries such as Vietnam, which reduce cost for both companies and communities, while supplying water of better quality. The synergies from the know-how of our already existing portfolio company MINT and the leading expertise of NTU provide an excellent basis for further expansion.”
“2013 has been declared as the UN International Year of Water Cooperation by the United Nations General Assembly. Our company recognizes that cooperation is essential and targets to bring key stakeholders together in resolving the water issue throughout the Southeast Asia region. Countries such as Vietnam, Indonesia or the Philippines require modern water treatment technologies to serve their growing population and industry’s needs. We have developed the cutting-edge technology to help these countries address their water-related challenges in a cost-effective, sustainable manner”, Andreas Kroell concluded.