G2O Water Technologies expands following NPIF investment

G2O Water Technologies (G2O) has announced an expansion into a new laboratory at Liverpool City Region’s Sci-Tech Daresbury following a £600,000 investment, including £320,000 of funding from NPIF Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund.

Headquartered in Manchester, the G2O uses graphene-based coatings technology to provide high quality and cost-effective solutions to a broad range of filtration applications. G2O’s technology is used for the treatment of water waste across multiple markets, including oil, gas and industrial.

To enable the business to carry out the next stage of its technical development, Maven led a £600,000 investment round in July 2020, which was made up of a £320,000 investment from NPIF Maven Equity Finance and £280,000 funding from a private individual investor and the management team.

It is the second time G2O has received funding from the Northern Powerhouse Investment Fund following a £1.035m investment in 2018.

Since this latest investment, the firm has added four new employees and has also expanded its operating space by 60%, taking up new space at Sci-Tech Daresbury including a new state of the art laboratory. At this new site, G2O has accelerated development and commercialization of its products, as well as introducing new additive manufacturing capabilities to optimize the performance of membranes and evolve manufacturing processes.