Dublin-based tech innovator NanobOx, a distinguished spin-out from NovaUCD, has recently accomplished a significant feat by securing a substantial $1 million funding round. The investment drive, prominently led by The Yield Lab, positions NanobOx for its imminent market introduction scheduled for the upcoming year. The pioneering venture, co-founded by Dr. John Favier and Dr. Mohammad Ghaani, is at the forefront of developing a groundbreaking and patented nanobubble technology designed for water oxygenation.
This recent funding infusion is poised to play a pivotal role in propelling NanobOx forward as it strives to conclude ongoing field trials dedicated to applications in agriculture and aquaculture. The company’s distinctive nanobubble generators, known for their high energy efficiency, boast a patented design that significantly reduces the energy required for the oxygenation process. Notably, these generators can be seamlessly powered by either solar or battery sources, providing versatility and sustainability in their deployment.
Dr. Favier, a serial entrepreneur and the CEO of NanobOx, expressed the unique proposition of their technology, stating, “We uniquely generate nanobubbles from air that are enriched with oxygen, providing an oxygen-transfer efficiency of 90pc, compared to less than 20pc using conventional aeration.” The company’s technology is primed to address challenges in various bioprocesses that necessitate precise control of oxygen levels, including wastewater treatment, industrial bioreactors, and environmental remediation.
NanobOx’s initial focus involves designing first-generation products tailored for water treatment in agriculture and aquaculture, aiming to bolster yield and reduce input costs for these vital sectors. The company is actively engaged in ongoing field trials, collaborating with horticultural and aquacultural producers, and researchers on a global scale, spanning Europe, North America, and Asia.
Apart from The Yield Lab, the funding round drew participation from notable entities such as DeepIE Ventures and Growing Capital. This strategic investment aligns with NanobOx’s mission to usher in a new era of energy-efficient and scalable nanobubble technology, with the potential to make significant contributions to sustainable practices in various industries. As the company moves closer to its market launch, anticipation builds around the transformative impact NanobOx could have on oxygenation processes and associated energy costs.
