Tunisian Startup Kumulus Raises €1 Pre-Seed Funding to Improve its Product
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Loading... - charles daisey
- 05 Oct 2022
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Several institutional investors, including Paris Techstars Accelerator, Flat6Labs, WILCO, and Bpifrance, as well as business angels, participated in the round.
Kumulus is a Tunisian startup that operates in the sector of drinkable water. It was founded by Mohamed Ali Abid and Iheb Triki, and it manufactures thermal equipment that can produce several liters of potable water per day.
The sole resources utilized by the company are solar energy and humidity. The Internet of Things collects data that is fed into predictive algorithms, which subsequently work to increase water output and energy efficiency. The system incorporates both filtration and mineralization components.
Using a solar-powered technology, Kumulus’s solar-powered machine draws air in. After passing through a succession of filters, the air’s moisture is separated, resulting in consumable water. Therefore, the new company’s mission is to address the issue of water scarcity in Tunisia.
The founders of the company have indicated that they intend to target “markets where there is no stable source of renewable drinking water or where water scarcity has become a burden on the local community.”
According to the company’s creators, the most destitute inhabitants of Tunisia do not always have access to alternatives such as bottled water, carried cisterns, or nonrenewable groundwater. Read More…
