Majik Water

Early Stage

Harvesting drinking water from air.

Analytics

Raised to Date: Raised: $0

Aggregate Commitments $

Platform

Republic

Start Date

02/19/2018

Close Date

03/16/2018

Min. Goal

$40,000

Max. Goal

$107,000

Min. Investment

$10

Security Type

SAFE

Funding Type

RegCF

Valuation Cap

$2,500,000

Discount Rate

5%

Rolling Commitments $

Status
Not Funded
Reporting Date

03/04/2018

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Lewes, Delaware

Industry

Energy, Power, & Natural Resources

Tech Sector

Who Should Be Interested:
Do you live in a water scarce area? Are you aware of the growing water scarcity problem around the globe -- and do you want to help do something about it? If you said yes, then Majik Water might be the investment you’ve been waiting for. Their technology helps people access clean, safe water by pulling it directly from the air.

The Company:
Majik Water is here to work some solar magic - and help people access water. Their technology uses solar thermal energy and sponge-like desiccant materials to pull clean, safe water directly from the air. The process is affordable and energy efficient, and it can help provide water to the 780 million people in the world who need it. So far, Majik Water’s prototype can generate 10 liters of water in 24 hours, and since it’s solar powered, it doesn’t rely on an electrical grid. They were the winner of the the inaugural EDF Pulse Africa start-up awards in Paris, and they were featured in the Financial Time’s “50 Ideas to Change the World” list. Plus, they were incubated at Singularity University with a Google-funded scholarship. Majik Water plans to begin their operations and field pilots in Kenya, and they have goals to move forward globally from there.

The Bottom Line:
There is six times as much water in the air as there is in all the rivers of the world - and Majik Water helps people access it. With the UN forecasting that 1.8B people in the world will experience absolute water scarcity by 2024, and ⅔ of the world will be living in water-stressed conditions, Majik Water is creating a solution to very big problem...one liter of water from the air at a time.
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Majik Water on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $2,500,000

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