MIYA was launched today - This is the Arison Group's $100mn investment vehicle aiming to find solutions for municipalities and utilities concerning water loss management issues.
Seems like another Israeli platform is already gaining speed. With experienced management shifting from the Israeli tech sector into the world of resource efficiency (Booky Oren leads the group, coming from Comverse, and bringing along several colleagues).
The group has a very interesting strategy, with great potential to become a significant player in the space. The PR has further details -
"MIYA estimates that a third of the world's drinking water is lost through leaking pipes, most of which are hidden underground and need to be actively detected and repaired. Recouping the water currently lost is one of the most environmental and cost effective ways to address global water shortages. Reducing these losses by only half, for example, will provide an additional 130 million people with fresh drinking water. MIYA's solution is based on a proven methodology that uses a combination of technologies focused on pressure management, active leakage detection and repair, and selective pipe replacement, rather than massive infrastructure replacement. MIYA also offers flexible business models and financing solutions to address the varying financial needs of its customers. "