Investment by SBI Ventures NEEV II Fund in RETAS propels stronger water infrastructure in India, focusing on resilience.
In a bid to address India's growing water scarcity, RETAS Enviro Solutions Private Limited is expanding its operations with a focus on modular rainwater harvesting tanks. Known as RAINMAXX tanks, these durable and UV-stabilised storage solutions are designed for long-lasting effectiveness and have already been deployed in several hundred kilolitres across India, including a notable project in Gurgaon [1][2].
Based in India, RETAS serves clients across residential, commercial, and industrial sectors, providing innovative and sustainable water management solutions that address both water scarcity and urban flooding challenges. Their modular systems, particularly beneficial in space-constrained urban and semi-urban settings, enable efficient rainwater collection and storage, contributing to water conservation and groundwater replenishment [1].
The company's efforts have not gone unnoticed, with support from notable organisations such as the ICICI Foundation and the recent investment by Neev II Fund, managed by SBI Ventures. This investment will aid RETAS in scaling its vision to make rainwater harvesting a mainstream solution across India, contributing to its mission to make a meaningful impact on India's water security and climate adaptation landscape [3].
Neev II Fund, launched in June 2021, seeks to provide growth and expansion capital to companies offering solutions for clean energy, electric vehicles, efficient use of raw materials, and water and circular economy projects in India. The investment aligns with their strategy to nurture technology-led climate initiatives with significant environmental and social impact [4].
Co-founder and CEO of RETAS Enviro Solutions, Neeraj Chauhan, expressed excitement about partnering with Neev II Fund, while Prem Prabhakar, MD & CEO of SBI Ventures Ltd, stated that the investment reflects their dedication to supporting technologies that conserve water and build resilient infrastructure [5]. Akshay Panth, CIO of Neev Funds, added that the investment will help RETAS reduce dependence on overstressed groundwater and build resilience against urban flooding [6].
Through its operations, RETAS has successfully captured and stored over 75 billion litres of rainwater, demonstrating the practical impact of its technology. The company's patented product, the Rainmaxx tank, is made from 100% recycled polypropylene, making it not only effective but also environmentally friendly [7].
As RETAS continues to grow, its products and offerings will empower communities and industries to manage water more sustainably. With the support of Neev II Fund, the climate-tech company aims to expand its market reach, develop its technology, and make rainwater harvesting a common solution for India's water security.
Science and environmental science intersect in the work of RETAS Enviro Solutions, a company that leverages technology to address India's water scarcity through the development of modular rainwater harvesting tanks, such as the RAINMAXX tanks. This sustainable water management solution, made from recycled materials, has environmental benefits and contributes to water conservation efforts.
