Watercycle secures US$5.6M to expand operations in MENA region

MENA – Watercycle Technologies, a UK-based climate tech company, has raised US$5.6 million in a Series A funding round to expand its operations across the MENA region.

The funding, led by Par Equity, aims to support the commercial deployment of Watercycle’s innovative mineral recovery technology, which offers a sustainable, low-cost, high-yield solution.

According to the company’s press release, the investment syndicate includes the Greater Manchester Combined Authority (GMCA), Aer Ventures, and the University of Manchester Innovation Factory.

The funds will accelerate Watercycle’s mission to reduce critical mineral supply risks and foster a circular economy by converting waste into valuable resources.

Watercycle’s innovative technology will significantly support the production of raw materials essential for the green energy transition.

The company’s success in securing an Innovate UK Investor Partnership grant further underscores the strategic importance of its solutions.

Watercycle, co-founded by Egyptian scientist and entrepreneur Dr. Ahmed Abdel Karim, has emerged as a leader in technological innovation.

Since earning his PhD from the University of Manchester in 2018, Abdel Karim has driven the company’s growth, contributing 12 patent applications and securing over US$8 million in funding.

Under his leadership, Watercycle is actively negotiating with various entities in the MENA region to implement its latest advancements in seawater desalination.

“Our efforts aim to eliminate the brine disposal issue by selectively recovering valuable minerals from brine and selling them to strategic industries,” Abdel Karim explained.

Elizabeth Young, Investment Manager at Par Equity, emphasized the significance of Watercycle’s mission.

“This sector is critical as we address global challenges, particularly securing essential minerals and water infrastructure. By supporting foundational technologies like Watercycle, we bolster the UK’s innovative ecosystem and pave the way for future climate solutions,” she said.

Breakthrough in lithium carbonate production

Watercycle’s DLEC technology has also achieved a significant milestone by producing over 100 kg of battery-grade lithium carbonate from UK-sourced brines.

This breakthrough strengthens the UK’s battery innovation ecosystem and addresses the strategic risk posed by the nation’s reliance on imported lithium.

“The ability to produce refined lithium carbonate onsite allows us to capture more of the value chain,” said Abdel Karim.

“This positions us to supply lithium salts at scale for OEMs and chemical suppliers, supporting the UK’s Net Zero transition and fostering regional supply chains.”

As demand for electric vehicles surges, securing a domestic supply of battery minerals is becoming increasingly crucial.

Watercycle’s innovations enhance energy resilience and contribute to job creation and the broader climate agenda.

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