Axine Water Technologies
Axine Water Technologies is a Vancouver-based industrial wastewater treatment company that uses proprietary electrochemical oxidation technology (electraCLEAR) to destroy PFAS compounds, pharmaceutical APIs, and other persistent organic contaminants on-site at customer facilities, delivered primarily through a multi-year Treatment-as-a-Service (TAAS) model to pharmaceutical, automotive, semiconductor, and landfill operators.
- Company typePrivate
- Founded2017
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Axine Water Technologies does
Axine Water Technologies is a Vancouver, Canada-based industrial wastewater treatment company that has developed and commercialized a proprietary electrochemical oxidation technology branded electraCLEAR. The technology uses advanced catalyst materials and solid-state electrodes to suppress the oxygen evolution reaction and promote direct and indirect oxidation of contaminants, enabling complete mineralization of persistent organic pollutants — including per- and polyfluoroalkyl substances (PFAS), active pharmaceutical ingredients (APIs), solvents, and other halogenated organics — without chemical additives, at ambient temperature and pressure, and without generating secondary waste. Systems are deployed as fully containerized units or modular skid-mounted configurations, each instrumented with over a dozen sensors feeding a proprietary ML/AI optimization algorithm that supports 24/7 remote operation from a Network Operations Centre.
The company serves industrial customers in pharmaceutical manufacturing, automotive and surface finishing, semiconductors and microelectronics, landfills, and aviation/defense, with named customers including Boehringer Ingelheim (Puerto Rico), Lacks Enterprises (Michigan), and several undisclosed global pharmaceutical and animal health companies. Its go-to-market combines direct enterprise field sales with strategic channel partnerships — Veralto Corporation's Trojan Technologies business for North America and Nijhuis Saur Industries (part of SAUR Group) for Europe — and is supported by an in-house 10,000-square-foot assembly facility in Metro Vancouver.
Axine generates revenue primarily through a Treatment-as-a-Service (TAAS) model that provides multi-year (typically five-year) turnkey agreements covering system design, installation, operations, maintenance, remote monitoring, and guaranteed treatment results, effectively converting a capital equipment purchase into a utility-like operating expense for the customer. Secondary revenue streams include direct system sales (as with the Lacks Enterprises PFAS deal) and technology licensing/supply revenue through the Nijhuis Saur Industries partnership. As of 2025, the company reports over 200,000 hours of cumulative commercial runtime and a 100% customer retention rate since 2017. The company has raised approximately $36 million+ in cumulative funding across multiple rounds, including a $6.2 million SDTC grant in 2021 and a $15 million minority investment from Veralto Corporation in November 2024.
Axine Water Technologies firmographics
Firmographics- Name
- Axine Water Technologies
- Legal name
- Axine Water Technologies, Inc.
- Website
- https://axinewater.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Axine Water Technologies is a Vancouver-based industrial wastewater treatment company that uses proprietary electrochemical oxidation technology (electraCLEAR) to destroy PFAS compounds, pharmaceutical APIs, and other persistent organic contaminants on-site at customer facilities, delivered primarily through a multi-year Treatment-as-a-Service (TAAS) model to pharmaceutical, automotive, semiconductor, and landfill operators.
- Ownership category
- akta.pro rank
Axine Water Technologies industry classification
Industry- Product category
- Industrial Wastewater Treatment
- NAICS
- Sewage Treatment Facilities (221320), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)
- SIC
- Electrical Industrial Apparatus (3620), Industrial Instruments For Measurement, Display, And Control (3823)
- akta.pro primary industry
- PFAS & Emerging Contaminants Treatment Services (IMAIAGAJ)
- akta.pro secondary industries
- PFAS & Emerging Contaminants Removal (AFFF/Trace Organics) (EUANADAJ), Industrial ZLD/MLD & Brine Concentrate Management (EUANADAG), Brine Concentrate Management & Zero Liquid Discharge (ZLD) (EUANAFAH), Groundwater Extraction, Treatment & Discharge (Pump-and-Treat, reinjection) (BPALAKAF)
Keywords
Where Axine Water Technologies is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Axine Water Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Treatment-as-a-Service (TAAS): Multi-year TAAS contracts providing comprehensive wastewater treatment services including equipment, installation, operations, maintenance, 24/7 remote monitoring, and guaranteed treatment results. The model eliminates customers' capital equipment funding burden and specialized staff training requirements. Typically structured as 5-year turnkey service agreements with system design, installation and ongoing operations included.
- Direct System Sales: Direct sale of commercial-scale PFAS destruction systems to industrial customers. First commercial-scale system sold to Lacks Enterprises for automotive manufacturing application. Systems include pilot testing phase followed by full commercial installation.
- Technology Licensing and Partnership Revenue: Revenue from European market expansion through Nijhuis Saur Industries partnership, where NSI assembles, manufactures and supplies PFAS Destruct enabled by electraCLEAR technology. Partnership extends Axine's reach without direct capital investment in European manufacturing.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Treatment-as-a-Service (TAAS) - Multi-Year Service Agreement |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels12 records
Axine Water Technologies product offering
Product offeringCore offering
Axine Water Technologies designs, manufactures, and operates electraCLEAR™ electrochemical oxidation systems that destroy PFAS compounds, active pharmaceutical ingredients, solvents, and other persistent organic contaminants in industrial wastewater. The systems are deployed as containerized or skid-mounted units and sold or delivered as a multi-year Treatment-as-a-Service (TAAS), bundling equipment, operations, maintenance, and 24/7 remote monitoring with guaranteed treatment outcomes.
Product overview
Axine Water Technologies offers a unified product-service portfolio centered on electraCLEAR™, its proprietary electrochemical oxidation technology. The core technology is delivered primarily through a Treatment-as-a-Service (TAAS) model, where electraCLEAR systems are deployed as either containerized solutions or modular skid-mounted units. TAAS encompasses system design, installation, 24/7 monitoring, operation, maintenance, and guaranteed treatment results under multi-year service agreements. The company targets industrial wastewater treatment applications across PFAS destruction, pharmaceutical manufacturing, automotive/surface finishing, semiconductors, and landfills. PFAS Destruct™ represents a branded solution offering enabled by electraCLEAR, offered through the Nijhuis Saur Industries partnership for European markets.
Differentiator
Problem solved
Functional benefit
Brands
- electraCLEAR: Electrochemical oxidation technology for complete destruction of PFAS, pharmaceuticals, solvents, and other persistent organic contaminants in industrial wastewater
- PFAS Destruct
Products and services
- electraCLEAR™ Electrochemical Oxidation Technology Proprietary electrochemical oxidation system that destroys persistent organic contaminants — including long- and short-chain PFAS compounds, active pharmaceutical ingredients (APIs), solvents, and other organic pollutants — in industrial wastewater through direct and indirect oxidation using multi-catalyst, multi-electrode reactors. Targets industrial customers in pharmaceutical manufacturing, automotive/surface finishing, semiconductor fabrication, landfills, and other regulated industries.
- Treatment-as-a-Service (TAAS)
Quantifiable outcome
- 99.9%-99.999% destruction of PFAS compounds including all six EPA-regulated forms (PFOA, PFOS, PFNA, PFHxS, PFBS, GenX)
- +4 more outcomes
Companies that use Axine Water Technologies
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
Axine Water Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature5 records
Axine Water Technologies partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship, core and minor.
- Nijhuis Saur Industries (SAUR Group)flagshipAt Aquatech Amsterdam 2025, Nijhuis Saur Industries and Axine agreed on terms for a supplier partnership in Europe. NSI will assemble, manufacture and supply the PFAS Destruct solution enabled by Axine's electraCLEAR technology. This partnership sets a new industry benchmark in sustainable, PFAS-free water treatment. NSI combines electraCLEAR with existing technologies (ion exchange, membrane technologies) for integrated on-site and mobile PFAS destruction solutions.
- Pharmaceutical Consortium PartnerscoreAxine organized a consortium of pharmaceutical manufacturing companies to collaborate on testing and deploying advanced treatment technology at select manufacturing plants in North America and Europe. Consortium partners co-funded a $16M project to develop next-generation wastewater treatment technology with new catalyst materials, hardware design, and ML software.
- AMR Industry AllianceminorCollaboration with AMR Industry Alliance members to develop and deploy on-site treatment solutions for antibiotic APIs in wastewater. Technology enables manufacturing sites to achieve PNEC of <1 ppb for antibiotic APIs to eliminate antimicrobial 'hotspots' downstream of manufacturing plants.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Axine Water Technologies competitors and assessment
Company assessmentDirect peers
- 374Water: 374Water deploys supercritical water oxidation systems (AirSCWO) for destruction of PFAS and other persistent organics in wastewater and biosolids. It competes with Axine for industrial PFAS destruction contracts using a different destruction chemistry but the same on-site, complete-mineralization value proposition.
- Gradiant: Gradiant provides industrial water and wastewater treatment solutions across pharma, semiconductors, food/beverage, and mining. It overlaps with Axine in industrial wastewater service delivery and pharmaceutical manufacturing wastewater, though using a broader portfolio of membrane, chemistry, and reuse technologies.
- Aclarity: Aclarity develops electrochemical oxidation systems for PFAS and persistent contaminant destruction in industrial and drinking water. Like Axine, it targets complete on-site mineralization without secondary waste and sells into industrial customers facing PFAS compliance pressure.
- Tersus Environmental: Tersus Environmental focuses on PFAS destruction and treatment services for industrial and remediation customers, including landfill leachate and AFFF-impacted water. It is a direct service-style competitor to Axine in PFAS destruction and works in overlapping customer verticals.
- Nijhuis Saur Industries: NSI (part of SAUR Group) supplies industrial and municipal water treatment solutions globally and is Axine's European partner that assembles and supplies the PFAS Destruct solution. As a partner-turned-adjacent-supplier, it competes in many of the same industrial wastewater tenders across 140+ countries.
Emerging players
- Cyclopure: Cyclopure develops adsorbent-based PFAS removal technologies for drinking water and industrial applications. It is an emerging alternative pathway to electrochemical destruction, addressing the same PFAS compliance use case with a different technological approach.
- Fibracast: Fibracast builds advanced membrane technology for industrial water treatment and reuse. It intersects with Axine's industrial wastewater and water reuse customer base (especially semiconductor and pharma) through membrane-based concentration and pre-treatment stages.
Broad incumbents
- Veolia Water Technologies: Veolia Water Technologies is a global water and wastewater treatment incumbent offering services, chemicals, and equipment to industrial and municipal customers. It overlaps with Axine's pharmaceutical and industrial wastewater customers as a broad service and technology supplier.
- Xylem: Xylem (including the legacy Evoqua portfolio) is a global water technology leader serving industrial, municipal, and commercial customers. It competes in the broader industrial wastewater and PFAS treatment market with a much wider portfolio of incumbents and resources than Axine.
- Trojan Technologies: Trojan Technologies (a Veralto company) is a major UV disinfection and water treatment incumbent that now distributes Axine's electraCLEAR in North America. As a parent affiliate and broader water quality player, it competes in adjacent municipal and industrial water treatment segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Axine Water Technologies social profiles
Digital presenceAxine Water Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Axine Water Technologies leadership team
Management profileNumber of profiles
Profiles6 records
Axine Water Technologies funding detail
Funding detailFunding overview
Funding rounds9 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Axine Water Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Axine Water Technologies
What does Axine Water Technologies do?
Axine Water Technologies designs, manufactures, and operates electraCLEAR™ electrochemical oxidation systems that destroy PFAS compounds, active pharmaceutical ingredients, solvents, and other persistent organic contaminants in industrial wastewater. The systems are deployed as containerized or skid-mounted units and sold or delivered as a multi-year Treatment-as-a-Service (TAAS), bundling equipment, operations, maintenance, and 24/7 remote monitoring with guaranteed treatment outcomes.
Is Axine Water Technologies a public or private company?
Axine Water Technologies is a private company. It is classified as venture growth investor backed and is currently operating.
When was Axine Water Technologies founded?
Axine Water Technologies was founded in 2017. It employs 11 to 50 people.
Where is Axine Water Technologies based?
Axine Water Technologies is headquartered in Vancouver, Canada, in the North America region.
How does Axine Water Technologies make money?
Three revenue lines are on record. Treatment-as-a-Service (TAAS) is the primary driver. The others are direct System Sales and technology Licensing and Partnership Revenue.
Who are Axine Water Technologies's main competitors?
Direct peers on record are 374Water, Gradiant, Aclarity, Tersus Environmental and Nijhuis Saur Industries. Emerging players are Cyclopure and Fibracast. Broad incumbents are Veolia Water Technologies, Xylem and Trojan Technologies.
Does Axine Water Technologies have an API?
No public API is recorded for Axine Water Technologies.
What industry is Axine Water Technologies in?
Axine Water Technologies's product category is Industrial Wastewater Treatment. Its primary akta.pro industry code is IMAIAGAJ, PFAS & Emerging Contaminants Treatment Services, with a secondary code of EUANADAJ, PFAS & Emerging Contaminants Removal (AFFF/Trace Organics). Its NAICS code is 221320 and its SIC code is 3620.