Aquagreen Solutions (India) - Comprehensive Analysis Report

Summary

Aquagreen Solutions, also known as AGS, is an India-based company headquartered in Pune and Mumbai, dedicated to providing efficient and convenient water heating and filtration solutions. The company's vision is to revolutionize India's approach to water management through innovative and sustainable practices, ensuring access to pure, efficiently managed water for all. Its mission is to deliver advanced water heating and filtration technologies with exceptional service, while upholding environmental responsibility and customer satisfaction. Aquagreen Solutions operates across India, serving residential, commercial, and industrial clients, positioning itself as a preferred partner for various professional sectors seeking advanced water solutions.

1. Strategic Focus & Objectives

Core Objectives

Aquagreen Solutions aims to deliver superior quality and efficiency in water solutions, enhance water conservation efforts, and improve operational performance across India. A primary objective is to become the partner of choice for global brands looking to establish water heating, filtration, and related home solutions in the Indian market.

Specialization Areas

The company specializes in premium, innovative, and sustainable water management solutions, with key expertise in filtration, water heating, and water softening systems. Their unique value proposition lies in offering cutting-edge water technologies combined with a strong emphasis on eco-friendliness and energy efficiency.

Target Markets

Aquagreen Solutions primarily targets residential, commercial, and industrial sectors across India. This includes architects, interior designers, MEP consultants, real estate developers, offices, clinics, gyms, hospitals, salons, spas, and kitchens.

2. Financial Overview

Funding History

Aquagreen Solutions LLP, an Indian firm established as a partnership, has reported an annual turnover between 5 and 25 Crore INR.

3. Product Pipeline

Key Products/Services

Aquagreen Solutions distributes advanced products from global leaders, focusing on water heating and filtration.

• Vaillant aroSTOR Heat Pump Water Heaters:

• Description: High-performance, energy-efficient heat pump water heaters.

• Key Features and Benefits: Designed for eco-friendly operation, significantly reducing energy consumption for water heating.

• 3M Fully Automatic Softeners (SFT200, WTS 57, SFT200 FE, WTS 28, WTS 42):

• Description: A range of advanced water softening systems.

• Key Features and Benefits: Fully automatic operation to combat hard water issues, extending the life of appliances and improving water quality.

• A.O. Smith Heat Pump Water Heaters:

• Description: Efficient hot water solutions.

• Key Features and Benefits: Offers energy savings and reliable hot water supply for various applications.

• 3M Utility Water Filtration Aqua-Pure IAS141T Whole House Filtration and Scale Inhibition System:

• Description: A comprehensive system for whole-house water filtration and scale prevention.

• Key Features and Benefits: Provides clean water throughout the home and reduces scale build-up, protecting plumbing and appliances.

• Instant Tankless Water Heaters:

• Description: On-demand water heating solutions.

• Key Features and Benefits: Provides hot water instantly, eliminating standby energy losses.

4. Technology & Innovation

Technology Stack

Aquagreen Solutions leverages cutting-edge water heating and filtration technologies by partnering with global innovators. The company specializes in distributing products that embody eco-friendly designs, energy-efficient operations, and responsible water management principles. Their offerings include advanced heat pump technology for water heaters, sophisticated ultrafiltration systems, and fully automatic water softeners.

5. Leadership & Management

Executive Team

• Husain Quettawalla: CEO.

• Nidhi Sachin Jaiswal: GST Partner.

• Arwa Juzar Mamaji: GST Partner.

• Pooja Sogani: GST Partner.

• Sachin (Founder and CEO): Previously Co-Founder and Managing Partner at The Bath Studio, where he drove brand growth and formed strategic partnerships. He also serves as an Investment and Strategic Partner in Zanskar Home Solutions LLP. His background includes a Bachelor's degree in Commerce from BMCC College, Pune, specialized training in Plumbing & Construction Management from IAPMO India, and an alumnus of IIM Bangalore's Management Development Program. He has established national tie-ups with significant global brands in water solutions.

6. Talent and Growth Indicators

Aquagreen Solutions demonstrates a strong growth trajectory, positioning itself as one of India's fastest-growing enterprises in residential water heating and filtration solutions. This growth is driven by its long-term vision, professional approach, expert domain knowledge, and technical skills, complemented by proprietary technology and processes.

7. Market Analysis

Market Overview

Aquagreen Solutions operates within the dynamic Indian market for water heating and filtration, which is driven by increasing consumer awareness of water quality and the demand for energy-efficient home solutions. The company's strategic positioning caters to both residential and a broad spectrum of commercial and industrial sectors, indicating a focus on a comprehensive addressable market.

8. Strategic Partnerships

Aquagreen Solutions collaborates with leading global brands, acting as an authorized wholesaler and importer for their products in India.

• Stiebel Eltron: Offers high-quality, long-life products focused on energy efficiency and reducing electrical costs.

• 3M Home Water Solutions: Provides advanced water filtration systems.

• Zanskar Home Solutions LLP: A partner specializing in water solutions with an expanding presence across multiple cities.

• Vaillant Group: A major European heating brand, known for developing and manufacturing products globally.

• A.O. Smith: Another key partner delivering efficient water heating and filtration solutions.

9. Operational Insights

Aquagreen Solutions focuses heavily on customer service, offering free consultations, professional installation by certified technicians, and prompt after-sales support. The company maintains an extensive pan-India sales and service network and operates full-scale testing facilities and service centers in two Indian locations to efficiently resolve technical issues. These operational strengths underscore their commitment to quality and customer satisfaction, aiming to stay ahead in industry technology.

10. Future Outlook

Strategic Roadmap

Aquagreen Solutions plans to expand its presence and enhance public awareness of cutting-edge water technologies through its "Aquagreen Experience Center" platforms being established across India. These centers are designed to showcase solutions that contribute to environmental protection and simplify daily life, prioritizing health, safety, efficiency, and convenience. The company's future strategy involves continued expansion and leveraging its expertise to maintain leadership in the residential water heating and filtration market.

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AquaGreen (Denmark) - Comprehensive Analysis Report

Summary

AquaGreen is a Danish cleantech engineering company, founded in 2014, with its headquarters in Roskilde, Denmark. The company is dedicated to developing innovative solutions for wastewater sludge and manure management. AquaGreen's core mission is to eliminate environmentally harmful substances in biomasses, drastically reduce greenhouse gas emissions, and transform waste into valuable resources, thereby fostering a circular economy. Through its sustainable biomass treatment technology, AquaGreen aims to protect vital groundwater resources and the broader environment, contributing to a healthier future.

1. Strategic Focus & Objectives

Core Objectives

AquaGreen's strategic focus is entirely on sustainable biomass treatment, particularly for wastewater sludge and manure. Key objectives include minimizing disposal costs, converting waste into valuable resources such as biochar and renewable thermal energy, and eradicating pervasive pollutants like PFAS, microplastics, pharmaceutical residues, and tar substances.

Specialization Areas

The company specializes in Integrated Drying & Pyrolysis (IDP) technology. Their expertise lies in developing patented systems that efficiently process wet biomass into valuable end-products while neutralizing hazardous components.

Target Markets

AquaGreen targets municipal wastewater treatment plants, various industries within the food and beverage sector, and the agriculture industry, all of which generate significant biomass waste.

2. Financial Overview

Funding History

AquaGreen has successfully raised a total of $22.1 million in funding across three rounds. Their initial funding round was on March 30, 2021. Most recently, on July 19, 2024, the company closed a Series B round, securing $8.78 million from two investors: Nordic Alpha Partners and FMG Circular Invest. Other notable institutional investors include the Japanese conglomerate Marubeni Corporation, Impagt Invest Sjælland, and the Danish Workers Pension Fund (ATP). These investments are intended to accelerate the company's commercial expansion throughout Europe, with a particular focus on Germany. As of March 30, 2021, AquaGreen's valuation stood at $16.6 million. In July 2023, the company also secured DKK 30 million (€4 million) from Nordic Alpha Partners and Swedish FMG Circular Invest AB.

3. Product Pipeline

Key Products/Services

AquaGreen's flagship offering is its patented HECLA® technology.

• HECLA® Integrated Drying & Pyrolysis (IDP) System:

• Description: A proprietary system designed to convert sewage sludge and other wet biomasses into valuable resources.

• Development Stage: Fully developed and implemented, offering full-scale solutions.

• Target Market/Condition: Municipal wastewater treatment plants, industrial waste producers, and agricultural operations dealing with sludge and manure.

• Key Features and Benefits: Effectively transforms waste into soil-improving biochar and renewable thermal energy. Critically, it removes environmentally harmful substances such as PFAS, microplastics, pharmaceutical residues, and greenhouse gases. The process combines full-scale steam drying and pyrolysis, focusing on resource recovery, CO₂ reduction, and carbon sequestration.

4. Technology & Innovation

Technology Stack

AquaGreen's core technological innovation is the patented HECLA® Integrated Drying & Pyrolysis (IDP) system. This proprietary technology combines full-scale steam drying and pyrolysis processes to convert wet biomass into valuable resources. The company's engineering efforts are focused on resource recovery, carbon sequestration, and CO₂ reduction. Collaborations with partners and scientists from academic institutions like the Technical University of Denmark (DTU), where the technology was developed and patented, ensure continuous innovation. AquaGreen also designs tailored processes to optimize yield and reduce utility demands within the hydrothermal liquefaction (HTL) market.

5. Leadership & Management

Executive Team

• Thomas Nygaard Hamann: CEO (appointed August 2025).

• Henning Schmidt Petersen: Founder & Owner.

• Claus Thulstrup: Founder, Owner & CTO.

• Carsten Gram Haagensen: Co-CEO.

• Michael Wallis Olausson: Chief Operating Officer (appointed prior to July 2023).

Recent Leadership Changes

Thomas Nygaard Hamann was appointed CEO of AquaGreen in August 2025. This, along with previous appointments, including a Chief Financial Officer and Michael Wallis Olausson as Chief Operating Officer, indicates an important phase in the company's organizational expansion to support its aggressive growth strategy.

6.