VMI develops water dispensing kiosks designed to eliminate single-use-plastic bottles and has built a test kiosk network in Australia to refine its technology and customer interactions. Its R&D teams have developed a water vending machine that extracts water from the atmosphere and reportedly never needs refilling. The company is pivoting to a scalable white-label and licensing strategy aimed at international FMCG brand partners. VMI’s head office is in Singapore, with manufacturing, in-house software development and a large R&D team based in Thailand, and operations focused on the Australasian market in Australia. VMI is seeking to go public and has secured a capital commitment to support that path. The firm will use the committed funds to strengthen its balance sheet, broaden global reach and further enhance research and development.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2022