DEPLOY™, a business who improve access to water storage infrastructure, has received investment in a deal advised on by the GS Verde Group.
Pontyclun-based DEPLOY™ has developed the first-ever air-deployed ready-to-use water tank that improves accessibility and sustainability for agriculture and rural communities.
The funding will transform the business, bringing environmentally friendly, cost-effective, easily installed, flexible and long-term water storage tanks to rural areas of the UK.
Manufactured with a concrete-filled fabric, DEPLOY™ can be transported in a folded state and easily deployed by air inflation. Compared to conventional concrete water tanks this innovation uses 70% less CO2, weighs less than 600kg when packaged, reducing emissions during transportation by a further 90% and needs a quarter of the water to manufacture and install.
The equity investment by the Development Bank will be used to accelerate production at the Pontyclun site with the installation of a manufacturing line, alongside funding from Smart Cymru and Start Up Funding Club.
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