Neuromod Aqua is a water engineering firm converting traditional water infra projects into modular, scalable, products.
Current Status
The technology is ready for scaling. We have EPC projects worth ~$25M in pipeline to deleverage risk.
Market
Sewage Treatment Plants aren't optional, but actually mandated by the government. Apart from the $133B government budget itself, any new building or construction project ≥ 20 000 m² must show an on-site STP, CPCB/NGT mandates → any “bulk sewage generator” discharging > 100 KLD (large housing, malls, hotels > 50 rooms, hospitals > 100 beds, IT parks, etc.) must treat sewage to BOD < 10 mg/l before release or reuse.
Problem or Opportunity
The superior technology for water treatment - MBR, is very expensive, hence the market turns to tech such as MBBR or SBRs. The time it takes to install the STP is very long >6 weeks, which takes a heavy toll on the environment, need for civil work for STP installation costs money and effort, there's 50% land wastage, and there's no data integration. Other technologies such as ETPs and ZLDs also have similar problems.
Solution (product or service)
Our product is a plug-and-play MBR based STP that installs in <2 days, 70% cheaper than conventional MBRs (20% than MBBRs), modular and scalable, eliminates the need for civil work, halves land use and integrates data to reduce opex and increase efficiency in the future. Our other products include ETPs, ZLDs, DM Water Plants and Desal RO plants
Competitors
None that is selling MBR based STPs at our price point, or modular ready to install plants that require zero civil work.
Advantages or differentiators
We have the following advantages over our traditional MBBR based STP suppliers:
1. 20% cheaper (over 70% cheaper than our MBR based STP competitors).
2. We completely eliminate any onsite civil work.
3. Our plants are scalable on demand.
4. Installs in <2 days.
5. Halves Land Use (Similar to other MBR plants)
6. Integrates AI to reduce operational costs.
Finance
Prefab Plug & Play Units – Cash-in Logic
• 50 % advance on PO – fully covers tanks, pumps, blowers, membranes; zero working-capital drag.
• 40 % on factory dispatch – complete margin. Client pays for freight and unloading on site.
• 10 % on commissioning sign-off – only tranche at risk; release is tied to our subsidy paperwork, so clients pay fast.
• Local supply chain (everything but MBR) ⇒ negligible standing inventory; rest ordered JIT.
• Net exposure capped at 10 %; cash cycle positive from day one.
• Net Margin: 50%
EPC Contracts – Collection Safeguards
• Counterparties are government bodies or blue-chip primes (L&T, Tata, etc.) → sovereign / AAA credit.
• Back-to-back sub-contracting with escrow: every client payment auto-sweeps to us minus pre-agreed partner royalty.
• Contractual max 60-day pay cycle; no milestone met, no work progresses—keeps cash gaps tight.
• Primarily EPC projects deleverage investor risk in case of any delays in deploying prefab products.
• Minimum Net Margin: 20%
Business model
We deploy the following channels -
1. Direct Sales - Residential townships, hotels, hospitals, light industry.
2. Infra Partners - EPC firms & MEP consultants bundle our modules.
3. Government Tenders - SBM, AMRUT, JJM; we bid on a turnkey basis on water treatment tenders.
4. Industrial Clusters - Pharma, food, textiles where ZLD or reuse mandates bite.
5. Product Led Growth - AMC, AI monitoring, module upgrades boost LTV.
6. Leveraging Industry Contacts - Over ₹200 Cr in EPC water-infra contracts ready to be signed.
Money will be spent on
Patent Filings, Setup of manufacturing plant, R&D for ETP & ZLD systems, Working capital for EPC projects.
