Mapal Aeration Solutions News
4 articles
growth-negative
Mapal Green Energy postpones London IPO
Israeli cleantech company Mapal Green Energy has postponed its IPO on the AIM stock exchange in London. The offering encountered difficulties, including the negative effect of the Greek debt crisis on the European capital markets. Mapal Green Energy develops energy saving systems for sewage purification plants. The company had planned to raise £2-3 million at a company value of tens of millions of dollars. The IPO was scheduled for July 10 but was unsuccessful, and the company remains private.
Public Trading
growth-positive
Mapal Green Energy to hold AIM IPO next week
Mapal Green Energy, a company that develops systems to reduce energy costs of sewage purification plants, has submitted an initial document for an IPO on the AIM stock exchange in the UK. The company is seeking to raise £2-3 million at a value in the low tens of millions of dollars. The IPO is scheduled for July 10. Mapal has installed its system in over 40 sewage purification plants in Israel and overseas and plans to enter the Australian market. The companys revenue is still small, but it will join other Israeli companies that held IPOs on the AIM this year.
Public Trading
growth-positive
Sewage treatment co Mapal Green Energy raises £1.5m
Mapal Green Energy Ltd. has raised �1.5 million in its second financing round from Charles Street Securities Europe LLP. The company has also signed its first UK deal with Anglian Water Services Ltd. and has set up an office in London. The investment will be used to expand international operations and develop new sewage treatment products. The companys technology can save up to 70% in energy consumption and up to 80% in operations and maintenance costs of wastewater treatment plants. Mapal Green Energy is in talks with authorities in South Africa, India, and South America for future partnerships. They have also signed a contract with Anglian Water Services to install their technology at a sewage treatment plant in the UK. The company is operating in the UK under the Foreign Offices TouchDown program and has been aided by the UK-Israel Tech Hub program.
PartnersCustomers
growth-positive
Sewage treatment co Mapal raises $9m from UK fund
UK private equity fund Charles Street Securities Europe LLP (CSS Europe) has invested $9 million in Israeli sewage treatment start-up Mapal Green Energy Ltd. Mapal uses floating treatment systems to accelerate the oxygenation of contaminants in wastewater reservoirs, degrading them biologically. The companys method cuts maintenance costs at wastewater treatment plants by up to 80%. Mapal has previously raised NIS 11 million, with CEO David Azori being one of the investors. The investment from CSS Europe will contribute to the companys growth.
InvestmentPartners
