Águas do Rio

Water and Sanitation Servicesaguasdorio.com.br

Águas do Rio is a Brazilian sanitation concessionaire, a subsidiary of Aegea Saneamento, providing water supply and sewage services to about 10 million people across 27 municipalities and 124 neighborhoods in Rio de Janeiro state under a regulated AGENERSA concession with a 2033 universalization mandate.

Company typePrivate
Founded2021
HeadquartersRio De Janeiro, Brazil
Headcount5,001–10,000
GTM typeB2C
OfferingServices

What Águas do Rio does

Águas do Rio is a Brazilian sanitation concessionaire that operates as a subsidiary of Aegea Saneamento e Participações S.A., delivering water supply and sewage collection and treatment services across 27 municipalities in the state of Rio de Janeiro and 124 neighborhoods in the city of Rio de Janeiro, serving approximately 10 million people. The company was awarded the Rio de Janeiro state sanitation concession in November 2021 and operates under regulatory oversight from AGENERSA, with a Marco Legal do Saneamento mandate to reach 99% water coverage by 2033. As of mid-2026 it has invested R$6.3 billion since beginning operations, connected 621,000 people to potable water for the first time, and inaugurated the ETE Queimados sewage treatment station serving 270,000 residents with 51 million liters per day of treatment capacity.

The company's operating technology is anchored by the Centro de Operações Integradas (COI), a real-time integrated operations center that ingests data from approximately 230 intelligent pressure-control valves, real-time water quality monitoring skids installed at treatment stations, and remote pipeline inspection robots. Distribution and customer engagement are delivered through physical stores in every municipality, a 24/7 WhatsApp and 0800 contact center, the Águas App mobile application, itinerant service vans, and door-to-door programs such as "Vem Com a Gente" targeting underserved low-income communities served by the social tariff (Tarifa Social) program.

The business model is a regulated utility concession: recurring tariff revenue from water supply and integrated sewage service subscriptions approved by AGENERSA, with a supplementary transaction-fee stream from debt renegotiation campaigns. Multi-source capital is a defining feature, including a USD 300 million financing package from IDB Invest and Proparco in October 2023 and R$640 million in BNDES co-financing for the Baixada Fluminense sewage program under the federal Saneamento para Todos initiative. International Blue Dot Network certification (OECD-coordinated) and LGPD-compliant data practices support the company's positioning with development finance institutions and ESG-oriented investors.

Águas do Rio firmographics

Firmographics

Name: Águas do Rio
Legal name: AEGEA SANEAMENTO E PARTICIPAÇÕES S.A.
Website: https://aguasdorio.com.br
Company type: Private
Founded year: 2021
Operating status: Operating
Headcount range: 5,001–10,000 employees
Short description: Águas do Rio is a Brazilian sanitation concessionaire, a subsidiary of Aegea Saneamento, providing water supply and sewage services to about 10 million people across 27 municipalities and 124 neighborhoods in Rio de Janeiro state under a regulated AGENERSA concession with a 2033 universalization mandate.
Ownership category
akta.pro rank

Águas do Rio industry classification

Industry

Product category: Water and Sanitation Services
NAICS: Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Water Supply and Irrigation Systems (22131), Sewage Treatment Facilities (22132), Sewage Treatment Facilities (221320)
SIC: Water Supply (4941), Sanitary Services (4950), Electric, Gas & Sanitary Services (4900)
akta.pro industry: PRIMARYBPAGABAC
Water, Sanitation & Hygiene (WASH)
Business & Public Services/Nonprofit, NGO & Social Services/International Development & Poverty Alleviation

Keywords

Water supply services
Sewage treatment
Sanitation utilities
Water distribution
Sewage collection

Where Águas do Rio is headquartered

Location

Headquarters

HQ city: Rio De Janeiro
HQ country: Brazil
HQ region: Latin America

Offices7 records

Markets served

Águas do Rio business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

Water Supply Tariffs: Recurring tariff-based revenue from water supply services to residential, commercial, and industrial customers across 27 municipalities, regulated by AGENERSA. Tariffs include social tariff program benefiting low-income families.
Sewage Collection and Treatment: Recurring tariff revenue from sewage collection and treatment services, integrated with water supply tariffs. Services expanding toward universalization targets by 2033.
Debt Negotiation Programs: Campaign-based debt renegotiation services with differentiated conditions, generating settlement fees and restoring regular service relationships with customers in arrears.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Social Tariff (Tarifa Social) for low-income families

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Águas do Rio product offering

Product offering

Core offering

Águas do Rio is a sanitation concessionaire providing potable water supply and sanitary sewage collection/treatment services to residential, commercial, and industrial customers across 27 municipalities in Rio de Janeiro state and 124 neighborhoods in Rio de Janeiro city. Services are delivered under a regulatory concession framework with 24/7 operations, supported by digital self-service channels (mobile app, online portal, WhatsApp), physical customer service stores, and field service operations for infrastructure maintenance, debt negotiation, and new connections.

Product overview

Águas do Rio is a sanitation concessionaire operating as part of Aegea Saneamento group, providing water supply and sanitary sewage services across 27 municipalities in Rio de Janeiro state plus 124 neighborhoods in the capital city, serving approximately 10 million people. The company's core offering consists of water distribution (Abastecimento de Água) and sewage collection/treatment (Esgotamento Sanitário) services. Supporting these core services are digital channels including the Águas App mobile application and online services portal (Serviços Online), administrative declaration services (DPA/DPE, DPIH/DOH, DA/DDF), and community programs including Afluentes, Saúde Nota 10, Vem Com a Gente, and De Olho no Óleo. Customer service is available 24/7 through WhatsApp, phone, physical stores, and mobile service units. The company operates under the Marco Legal do Saneamento framework with a 2033 universalization target.

Differentiator

Problem solved

Functional benefit

Products and services

Abastecimento de Água (Water Supply) Potable water distribution service providing treated water to residential, commercial, and industrial customers across the concession territory, including connections, metering, billing, and continuity of supply.
Esgotamento Sanitário (Sanitary Sewage) Sewage collection and treatment service operating 24 hours a day, expanding and improving sanitation infrastructure to reduce environmental contamination and serve residential, commercial, and industrial customers.
Águas App (Mobile Application) Mobile application available on iOS and Android providing customer self-service access to water and sewage services including second-via bill payment, consumption history, address changes, and service requests.
Serviços Online (Online Services / Agência Virtual) Online customer portal (Agência Virtual) providing self-service access for second bill payment, leak reporting, water outage notifications, meter reading schedules, email invoices, consumption history, and payment services.
DPA/DPE - Declarações de Viabilidade (Water Supply and Sewage Viability Declarations) Water Supply Possibility Declaration (DPA) and Sanitary Sewage Possibility Declaration (DPE) services issued to enterprises and construction projects for viability assessments and construction permits.
DPIH/DOH - Declarações de Hidrantes (Hydrant Compliance Declarations) Hydrant Installation Possibility Declaration (DPIH) and Hydrant Operation Declaration (DOH) issued for fire hydrant compliance documentation required by the Fire Department.
DA/DDF - Declarações de Conexão (Connection Declarations) Supply Declaration (DA) certifying property connection to the water network and Final Destination Declaration (DDF) certifying proper sewage connection, issued for occupancy permits.
Atendimento ao Cliente (Customer Service) 24-hour customer service available via WhatsApp, telephone (0800 195 0 195), physical stores, mobile service units, and ombudsman channel for complaints, requests, debt negotiation, and account management.

Quantifiable outcome

621,000 people now have regular access to potable water for the first time since 2021
+4 more outcomes

Companies that use Águas do Rio

Customer profile

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Águas do Rio technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

Águas do Rio partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor.

Instituto Mar Urbano (IMU)minorStrategic or Co-development Partner · 22 June 2026Environmental organization documenting the recovery of marine life in Guanabara Bay, collaborating on environmental monitoring and awareness.
Setor Cristo Sustentável do Santuário Arquidiocesano Cristo RedentorminorStrategic or Co-development Partner · 4 March 2023Partnership for the 'Ação Gonçalo' social project combining sanitation awareness with health services, documentation support, legal guidance, professional courses, and sustainable entrepreneurship training in São Gonçalo.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Águas do Rio competitors and assessment

Company assessment

Broad incumbents

SABESP: São Paulo state water and wastewater utility, the largest in the Americas by customers served (~28M). Comparable as a regulated water/sewage concessionaire in Brazil with similar universalization mandates, tariff regulation, and capital-intensive infrastructure programs. Listed on B3, providing a public-market reference for the sector.
Copasa: Minas Gerais state water and wastewater utility (mixed-cap, listed on B3). Comparable as a Brazilian regulated water utility with similar Marco Legal do Saneamento compliance requirements, urban and rural service territory, and tariff regulation. Provides useful margin and capex benchmarking.
Sanepar: Paraná state water and wastewater utility (mixed-cap, listed on B3). Comparable as a Brazilian regulated sanitation concessionaire with universalization obligations and similar customer-mix dynamics. Provides another public-market valuation reference for state-level concessions.
Corsan: Rio Grande do Sul state water utility, recently privatized. Comparable as a state-level water concession transitioning to private operation under Brazil's new sanitation regulatory framework. Useful reference for concession valuation dynamics and state-asset transfer precedents relevant to Águas do Rio.

Direct peers

Aegea Saneamento: Direct parent company and operating platform of Águas do Rio, holding 14.6M connections across Brazil. Most directly comparable peer — same business model, same concession structure, same technology stack (COI, smart valves). Any evaluation of Águas do Rio must reference Aegea's broader portfolio economics and capital structure.
BRK Ambiental: One of the largest private-sector water and wastewater operators in Brazil, owned by Brookfield. Directly comparable as a private concessionaire competing in Brazilian municipal water auctions under the same Marco Legal framework, with similar capex profiles and ESG positioning.
Iguá Saneamento: Private Brazilian water and wastewater operator serving multiple municipalities, backed by Igah Ventures. Directly comparable as a private concessionaire competing for Brazilian municipal contracts with similar scale, technology adoption, and infrastructure investment profile.
GS Inima: Private water and wastewater operator with Brazilian operations (formerly known as Atlatec). Comparable as a private Brazilian concessionaire with sewage treatment expertise, often competing in the same municipal auctions under Marco Legal do Saneamento.

Regional players

Embasa: Bahia state water and wastewater utility serving the Northeast region. Comparable as a Brazilian state-level regulated water utility with similar capex and universalization mandates, though operating in a different region (Northeast vs. Southeast) and state ownership structure.

Others

Cedae: Former state water and wastewater operator for Rio de Janeiro, now transitioning to private concession model after Águas do Rio won the 2021 auction. Highly relevant as the predecessor entity whose assets and concession Águas do Rio now operates, and as a residual state player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Águas do Rio compliance and trust

Trust signal

Compliance2 records

Águas do Rio financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Águas do Rio leadership team

Management profile

Number of profiles

Profiles8 records

Águas do Rio funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Águas do Rio M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Águas do Rio

What does Águas do Rio do?

Is Águas do Rio a public or private company?

Águas do Rio is a private company. It is classified as corporate owned and is currently operating.

When was Águas do Rio founded?

Águas do Rio was founded in 2021. It employs 5,001 to 10,000 people.

Where is Águas do Rio based?

Águas do Rio is headquartered in Rio De Janeiro, Brazil, in the Latin America region.

How does Águas do Rio make money?

Three revenue lines are on record. Water Supply Tariffs are the primary driver. The others are sewage Collection and Treatment and debt Negotiation Programs.

Who are Águas do Rio's main competitors?

Broad incumbents on record are SABESP, Copasa, Sanepar and Corsan. Direct peers are Aegea Saneamento, BRK Ambiental, Iguá Saneamento and GS Inima. Embasa is listed as a regional player. Cedae is listed as an others.

Does Águas do Rio have an API?

No public API is recorded for Águas do Rio.

What industry is Águas do Rio in?

Águas do Rio's product category is Water and Sanitation Services. Its primary akta.pro industry code is BPAGABAC, Water, Sanitation & Hygiene (WASH). Its NAICS code is 2213 and its SIC code is 4941.