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Gradiant provides end-to-end water treatment solutions for industrial wastewater, serving sectors like semiconductors, pharmaceuticals, food and beverage, and critical minerals. It designs, builds, operates, and transfers water facilities (DBOOT) and offers Water-as-a-Service (WaaS) to let clients outsource water management. Its proprietary technologies include Carrier Gas Extraction (CGE), Selective Contaminant Extraction (SCE), Free Radical Oxidation (FRO), plus SmartOps AI for process control, and it is pursuing Direct Lithium Extraction from brines with high recovery. The company differentiates by delivering an integrated, full-solution model with a broad tech portfolio and services focus to improve water reuse and resource recovery, aiming to scale globally and support sustainable mining and manufacturing.
Industries
Data & Analytics
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$509.9M
Headquarters
Woburn, Massachusetts
Founded
2013
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Total Funding
$509.9M
Above
Industry Average
Funded Over
8 Rounds
SED to power water recycling at Gujarat's massive new Solar hub. Spray Engineering Devices Limited (SED) has bagged a landmark order from Gradiant India Pvt. Ltd., the Indian arm of Boston-headquartered Gradiant, a global leader in water and wastewater solutions. As India races to become a global leader in solar energy, the 'green' industry is facing a hidden challenge: massive water consumption. To tackle this, SED has officially teamed up with Gradiant India to install a high-tech water recovery system at a major new Solar PV manufacturing plant in Gujarat. The project involves deploying a 340 KLD Zero Liquid Discharge (ZLD) system at an Inlet TDS of 170000 ppm - a process that ensures not a single drop of industrial waste leaves the facility. By using SED's patented Low-Temperature Evaporation (LTE(R) technology, the plant will be able to provide Volumetric recovery upto 94% & Mass Recovery upto 78% of its wastewater, turning it back into ultra-clean water for reuse. This move is particularly critical in water-stressed regions like Gujarat, where industrial groundwater use is under heavy scrutiny. Vimarsh Verma, Director at SED, said, "Industrial water reuse is no longer just a 'nice to have'- it is the backbone of modern manufacturing. Our technology allows factories to go 'Zero Waste' without skyrocketing their energy bills. By partnering with a global EPC leader like Gradiant, we are proving that Indian engineering can meet the world's toughest environmental standards while keeping operational costs low." Unlike traditional systems that require massive amounts of external steam, SED's solution recycles its own energy to run. For the solar facility, this means a significant reduction in carbon emissions and a reliable source of clean water that doesn't depend on local municipal supplies or rainfall. The Gujarat project will enable recovery of high-quality water (TDS < 250 ppm), which will be fully reused across utilities and process applications under a Zero Liquid Discharge (ZLD) framework. The system is expected to significantly reduce freshwater consumption while supporting circular water management in a water-intensive manufacturing segment. SED will execute the project on a turnkey basis, encompassing design, engineering, supply, installation, and commissioning, with an emphasis on timely delivery and operational efficiency. This order comes at a time when the Indian government is tightening norms for 'Red Category' industries, making ZLD a mandatory requirement for new large-scale manufacturing units. By delivering this project end-to-end, SED is positioning itself as the go-to partner for the renewable energy supply chain, which is expected to grow by over 30% annually in India. India's solar manufacturing sector is expanding rapidly under "Make in India" and renewable energy targets, and this project directly supports those national goals. In water-stressed Gujarat, advanced ZLD systems not only ease pressure on local resources but also ensure compliance with Pollution Control Board guidelines. By combining Gradiant's global expertise with SED's indigenous technology, the partnership showcases international innovation meeting Indian engineering and sets a benchmark for other solar PV facilities nationwide to adopt sustainable manufacturing practices. Your email address will not be published. Required fields are marked *
Gradiant, a Boston-based water and wastewater treatment company, has secured a $50 million revolving credit facility from HSBC, bringing its total credit capacity to over $100 million. The corporate facility will support US working-capital needs and provide flexible liquidity for projects with North American customers. All Gradiant credit facilities were secured at single-digit interest rates, reflecting the company's profitability and strong institutional backing. The financing was structured directly with lending partners rather than through intermediaries. Founded at MIT, Gradiant operates in over 90 countries, serving industries including semiconductors, pharmaceuticals, food and beverage, lithium mining and renewable energy. The company has over 1,300 employees worldwide and plans to use the capital framework to finance future mergers and acquisitions whilst expanding project delivery globally.
Gradiant, a global leader in advanced water and wastewater solutions, today announced the closing of a $50 million corporate facility with HSBC, bringing its...
Gradiant secures $50 million credit facility from HSBC exceeding $100 million in total financing capacity. New financing reflects Gradiant's capital maturity and profitability, enhancing its ability to scale sustainable water solutions worldwide. Gradiant, a global leader in advanced water and wastewater solutions, today announced the closing of a $50 million corporate facility with HSBC, bringing its total credit to over $100 million. The financing reflects Gradiant's growing capital maturity and strengthens its capacity to scale sustainable water solutions worldwide. Structured as a corporate revolving credit facility, the HSBC line supports U.S. working-capital needs, and provides Gradiant with flexible, on-demand liquidity to execute projects for its blue-chip North American customers - underscoring lender confidence in the company's performance and profitability. "This financing reflects the maturity and sound financials of our business and our ability to partner with top-tier global lenders," said Anurag Bajpayee, Co-Founder and CEO of Gradiant. "Working with HSBC enhances our ability to deliver mission-critical water solutions to our industrial customers." All Gradiant credit facilities were secured at single-digit interest rates, reflecting the company's robust credit profile and profitability, and strong backing from institutional investors. "This credit line strengthens our balance sheet and liquidity as we expand our project delivery globally," said Ananth Padmanabhan, CFO of Gradiant. "We plan to extend this approach to finance future M&A opportunities." A Relationship-Driven Approach to Financing Gradiant sources financing directly with lending partners rather than through intermediaries, ensuring alignment between its financial strategy and long-term mission. "Our treasury strategy has evolved into a diversified capital framework that balances innovation with discipline," said Abijit Aji, Vice President of Corporate Treasury & Financing. "By building relationships early and linking financing to growth outcomes, we're establishing long lasting partnerships." With projects in over 90 countries, Gradiant will deploy this capital to accelerate growth in key markets. The HSBC facility strengthens near-term U.S. operations, while other facilities provide flexibility and currency stability across the Indo-Pacific and Middle East. With strong financial foundations and proven technology leadership, Gradiant continues to stand as a trusted partner to global industries balancing water scarcity and regulatory change with responsible growth. About Gradiant Gradiant is a Different Kind of Water Company. With a full suite of differentiated and proprietary end-to-end solutions for advanced water and wastewater treatment powered by the top minds in water, the company serves its clients' mission-critical operations in the world's essential industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. Gradiant's innovative solutions reduce water used and wastewater discharged, reclaim valuable resources, and renew wastewater into freshwater. The Boston-headquartered company was founded at MIT and has over 1,300 employees worldwide. Discover Studio Magenta Limited at gradiant.com. About HSBC HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of US$3,214bn at 30 June 2025, HSBC is one of the world's largest banking and financial services organizations. HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through International Wealth and Premier Banking (IWPB) and Corporate and Institutional Banking (CIB). Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates Wealth Centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc. HSBC Innovation Banking in the U.S. is a business division with services provided in the United States by HSBC Bank USA, N.A. View source version on businesswire.com: https://www.businesswire.com/news/home/20251016802939/en/ Corporate Contact Felix Wang Gradiant, Global Head of Marketing [email protected]
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Industries
Data & Analytics
Industrial & Manufacturing
Energy
AI & Machine Learning
Company Size
501-1,000
Company Stage
Debt Financing
Total Funding
$509.9M
Headquarters
Woburn, Massachusetts
Founded
2013
Find jobs on Simplify and start your career today