Water Technology
Oneka Technologies
Oneka Technologies develops wave-powered desalination buoys that convert ocean wave energy directly into pressure for reverse osmosis, producing fresh water with zero electricity input and zero land footprint. The company raised CA$21.4 million in funding, qualified for the XPRIZE Water Scarcity Challenge (a $119 million competition), and won funding from the US Department of Energy's Powering the Blue Economy Initiative, positioning it among a wave of water-tech startups (alongside Epic CleanTec and Hydrosat) attracting capital as the 2025-2026 funding environment increasingly rewards proven, pilot-validated water technologies with clear paths to recurring revenue.
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Evidence
1 source · 36% avg. source confidence
- Nature Tech Memos — Oneka Technologies raises CA$21.4M, wins DOE and XPRIZE recognition36% source confidence
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Oneka Technologies's Timeline
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Jan 2026 · Raises CA$21.4M, qualifies for XPRIZE Water Scarcity Challenge
Oneka Technologies raised CA$21.4 million for its wave-powered, zero-electricity desalination buoys and qualified for the $119 million XPRIZE Water Scarcity Challenge, alongside winning funding from the US Department of Energy's Powering the Blue Economy Initiative.