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Aquaria is making waves with a bold mission: solving the world’s water crisis by pulling clean drinking water straight from the air.
In a milestone for the company, Aquaria has raised $112 million in funding to scale its atmospheric water generation (AWG) systems around the world—from individual homes to entire cities.
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This funding round, backed by Mistletoe, Soma Capital, and former U.S. House Majority Leader Dick Gephardt, marks a turning point in how the world can think about water infrastructure.
Instead of relying on aging pipelines or costly water treatment facilities, Aquaria’s vision is to build Air Water Infrastructure—a decentralized, modular system that can generate clean, drinkable water from atmospheric humidity.
💬 “Our air isn’t just for breathing—it holds an untapped water supply that can change lives,” says Brian Sheng, Aquaria’s co-founder and CEO.
“At Aquaria, we’re turning that potential into a reliable, renewable resource for everyone.”
Aquaria’s proprietary system is built around modular water production units that condense water from the air using a high-performance, energy-efficient cooling process.
These units can be deployed as standalone systems or combined into larger arrays—what Aquaria calls a Hydrogrid—to serve larger populations.
⚙️ Here’s what makes it revolutionary:
Aquaria’s vision is already becoming reality in Hawaii, where the company is building 1,000 off-grid homes powered entirely by atmospheric water, solar panels, and battery storage.
These homes aren’t just sustainable—they’re affordable, tackling both the water and housing crises at once.
The Hawaii project serves as a blueprint for how future communities can be built with resilience in mind, free from dependency on centralized utilities or outdated water infrastructure.
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To fuel widespread deployment, Aquaria has secured an additional $100 million in project financing from Upwell, enabling the company to fund 100% of upfront costs for qualified partners.
Developers, municipalities, and industrial operators can now adopt Aquaria’s systems with no capital expense, opting instead for flexible pay-over-time agreements—a model proven in the solar energy industry.
This financing structure removes the financial barriers to clean water, helping Aquaria rapidly scale across underserved communities, remote industries, and water-stressed regions around the globe.
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Water scarcity is not a distant concern—it’s a global emergency already affecting billions:
📉 771 million people globally lack access to basic water services
🚱 2.2 billion live without safely managed drinking water (WHO, 2023)
🌵 Nearly 50% of the U.S. is in drought as of November 2024
🏚️ U.S. infrastructure gets a C- grade for water systems (ASCE)
🚨 Up to 700 million people could be displaced by water scarcity by 2030 (UN)
🛠️ Traditional water infrastructure takes years to build and millions to maintain. Aquaria offers a faster, modular, and climate-resilient alternative that can be deployed where it’s needed most—in days, not decades.
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