Here comes the (Medi)Sun Energy. This Singapore-based company uses Reverse Electrodialysis (RED) tech to generate energy from seawater-freshwater salt differences!

• Now, they just raised a $8.75M seed, pushing their valuation to $44M. 
• They received $5M in venture debt and $3.75M in equity financing. 

Investor check. Vynn Capital’s Mobility and Supply Chain fund led the round, while MOAJ Holding, a Saudi investment company, Frank Phuan, TNB Aura, and Ciri Ventures also joined in.

• MOAJ Holding also committed to investing up to $30M into MediSun’s Saudi business to form a local joint venture.

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🌊 Blue energy, baby

MediSun’s tech harvests energy from salt concentration differences in fluids, like fresh and salt water. 

• Net carbon neutral. Their RED tech does not produce brine as a byproduct! FYI, brine is usually pumped back to the sea, where its high salt content negatively affects the environment. 
• High energy potential? Yes, please. The salinity gradient power potential between seawater and freshwater is similar to the potential energy of a 230-meter water dam.

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🌍 Hello, MENA

MediSun will use the $$$ to further expand into the Middle East and North Africa (MENA) region. 

• They’re planning to establish two facilities, one dedicated to membrane production and another for stack production.