WaterEquity Backs SunCulture with $5M for Rural Water Access

WaterEquity invests $5M in SunCulture to scale solar-powered water pumps, boosting rural water access and resilience in Africa...
✨ Key Highlights
WaterEquity has made its first Water & Climate Resilience Fund investment, committing $5 million to SunCulture, a company that provides solar-powered water pumps in rural Africa. This funding aims to enhance water access and climate resilience for smallholder farmers and households.
- The $5 million investment is the inaugural transaction from WaterEquity's newly launched fund designed to scale growth-stage companies addressing water access and climate resilience.
- SunCulture's solar-powered water pumps are utilized by over 90% of its customers for household needs beyond irrigation, supporting both agricultural productivity and domestic water access.
- The Water & Climate Resilience Fund is backed by several global investors, including Microsoft, Starbucks, and Xylem, signaling increased private sector engagement in solving water challenges.
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