The United Nations set up the Sustainable Development Goal SDG6 to ensure safe global water access by 2030. Alongside, the United Nations also predict a deficit of more than 40% in water availability if the world continues its current path by 2030. Yet, with less than a decade to go, we are blind on how water is used in the residential, commercial, or industrial sectors. Going beyond metering the water enables us to actively acknowledge how the water is used and how we can predict the maintenance of water assets on the last mile of the grid.
In response to the growing need to monitor water consumption, Droople uses smart tools and information technology to improve the way people use, conserve and value water. Combining artificial intelligence and a full IoT solution, Droople enables customers to measure, monitor and analyze their water processes while predicting maintenance and efficiently saving water and energy. In addition, Droople's water intelligence platform digitizes water-based assets "off the radar" and provides customers real-time access to actionable data, bringing transparency, and optimizing their water and energy use. By integrating water-saving systems, Droople contributes to multiple sustainable development goals (SDGs 6,9,11,17). The solution aims to conserve water and helps organizations optimize their service costs while making a sustainable impact. Internationally spread across Europe, North America, the Middle East, and Asia, Droople's growing customer base includes water treatment manufacturers, hospitality service providers, distributors, and facility managers.
The team behind Droople aims to provide water-energy savings with real-time monitoring and predictive maintenance for vendors and water service providers. Droople relies on a robust team with expertise in engineering, innovation, and technology development. Their patented Water Consumption Management System and further pending patents will enable Droople to grow considerably. Moreover, the startup obtained in April this year their Solar Impulse Label as a recognition for its efficiency for climate action. The company also won the first edition of the Prix Alpiq, stood among the best 50 Swiss Startups to invest in 2020 and has been recently awarded with the Swisscom Climate IoT Award.
Taking growth to the next level
Looking ahead, Droople will use the FIT Tech Growth loan of CHF 500’000 for its 2022 commercial ramp-up, deploy more than 3'000 installations and strengthen its business development team. The loan will also contribute to the R&D pipeline, including projects with EPFL to develop their machine learning capabilities. In addition, Droople recently increased its capital by 875’000 Swiss Francs, and will close its next round of financing of 6 million combined with a loan from the Swiss Government's Technology Fund in July 2022, thereby allowing for the opening of two branches: one in Germany and one in the US.
(Press release / ES)
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