AqVerium & PYSE Partner For Sustainable Water Financing

AqVerium has announced a strategic partnership with PYSE, an innovative fintech offering sustainability financing opportunities to retail investors. Leveraging the power of fintech, this sustainable water financing partnership democratizes water sustainability opportunities both for prospective small ticket borrowers and retail investors, hitherto not heard of.

AqVerium & PYSE Partnership

Pyse, a Bangalore-based Climate FinTech start-up that democratizes access to green and clean investments, is proud to announce its partnership with AqVerium. Together, they will offer retail investors access to the latest water solutions and the opportunity to earn water credits, meanwhile supporting the sustainability movement for the C&I segment. As a leading provider of sustainable asset classes, Pyse has already deployed more than 20 solar plants, 200+ EVs, and the largest fractionally owned solar farm in India. Pyse's latest venture into emerging tech involves exploring solutions in energy, waste, and water management. Last month, Pyse launched its first water efficiency project in partnership with Transwater, which will save over 15,60,00,000 litres of water and enable up to 40% operational savings for the end-user.

Harshit Garg, Co-Founder of Pyse, said, "We believe that water efficiency solutions are gaining momentum and are the upcoming flag-bearers of the sustainability movement for the C&I segment. With AqVerium unlocking the true value of all water-based technologies by diagnosing, assessing, and formulating impact, it is further incentivizing, both financially and sustainably, the off-take of such innovations. We are thrilled to be the early adopters of AquaKredits and look forward to supporting all champions of climate change, alongside AqVerium.

By partnering with AqVerium, Pyse is furthering its mission of making alternative investments accessible to all investors while supporting OEMs and EPCs to deploy assets across the country. The Pyse-AqVerium partnership marks an important step towards creating sustainable solutions for the future."

AqVerium, a digital & fintech innovation of AquaKraft Group Ventures (www.aquakraft.net), is the world’s 1st Digital Water Bank & decentralized exchange for voluntary water offsets. AqVerium is the first economic model that will incentivize saving, recycling, harvesting and purification for profit. The platform enables Water Savers across all stakeholders to open a Digital Water Savings Bank Account and digitally store its water savings. Powered by a robust audit & accounting framework, the water savings get converted in to AquaKredits – Water Credits, which can then by offset by Corporates as a part of their water stewardship and bought by qualified investors who wish to incentivize sustainability.

“We are very excited to partner with PYSE as it powers the aggregation of qualified investors to finance water sustainability projects making it a comprehensive Digital Water Bank, from Saving to Financing.  To this effect, one of our key focus areas inter alia others would be to address the demand from MSMEs and make them Water +ve by enabling financing of sustainable, green and  water efficient technologies.

This partnership will ride  on the  strong focus on MSMEs in the recent Union Budget 2023-24 which presents a golden opportunity for India to incubate a unique global  water sustainability financing program under G20 leadership to make MSMEs, the fulcrum of economy, Water +ve.

The first of its kind model that  enables a  retail investor to participate in financing small and medium water efficiency projects will not only give them reasonable returns but also AquaKredits thereby  unlocking the economic value of water,” said Dr.Subramanya Kusnur – Founder Chairman & CEO, AquaKraft Group Ventures & Architect of AqVerium.

Efficient water management practices address the Paris Agreement commitments and several UN Sustainable Development Goals (UNSDGs). MSMEs are currently not able to adhere to these objectives due to the smaller scale of operations and lack of financial strength. Hence this partnership will offer a  viable solution not only to attract qualified investors for financing efficient water management practices but also incentivise water savings with AquaKredits.

Speaking on the partnership, Vinay Rao, Co-Founder AqVerium said “The coming together of two unique & innovative Fintech platforms, PYSE & AqVerium creates a robust, risk hedged transaction ecosystem from onboarding projects, verification & validation of water saving data, digital water savings account, water audit, water credits on one side and aggregating qualified investors for financing water use & efficiency projects on the other, making it a comprehensive one stop digital destination for enabling water stewardship.”

This strategic partnership led by Shravan Shetty, Executive Director - AqVerium, leverages upon a decade long experience of AquaKraft in innovating & implementing actionable, energy efficient, water +ve sustainable solutions on the ground in the area of drinking water, water management & sanitation across India.

(Disclaimer: TICE news did not write this content. It is based on a press release sent by the company or the organisation.)