Draper Associates Invests in GAST Clearwater, a Next-Generation Water Treatment Company

Tim Draper supporting GAST Clearwater (Photo Credit: GAST Clearwater)

AUSTIN, Texas, July 25, 2023 (VSNewsNetwork.com) - U.S.-based water treatment company GAST Clearwater has announced the successful closing of its Pre-Series A funding round, fully backed by Draper Associates. Known for its innovative water treatment technologies, GAST Clearwater has earned comparisons to electric vehicle giant Tesla.

GAST Clearwater offers extensive services across a multitude of sectors including Real Estate, Aquatics, Oil & Gas, Aerospace & Defence, and Food & Beverage, highlighting its commitment to addressing global water issues. This commitment has become even more relevant following the United Nations' water treatment conference in New York, which underscored the growing global water crisis.

On the partnership with Draper Associates, GAST Clearwater Co-Founder & CEO, Kevin Gast, stated, "We cannot be more excited about our Draper partnership. Tim Draper backed Elon Musk with entities with bold missions, and not to disappoint, I think our mission to provide Water for Mankind™ is on track to change industry norms, electrifying one drop at a time."

Tim Draper, Founding Partner of Draper Associates, echoed the sentiment, saying, "The team at GAST Clearwater are seasoned business veterans with their next-generation highly advanced water treatment technologies that surely will disrupt various benchmarks and industry norms. We look forward to supporting them through their massive growth trajectory in 2023/2024."

For more about GAST Clearwater's water treatment solutions, visit www.gastclearwater.com.

Source: GAST Clearwater via Newswire