Dubai’s DP World acquires 14% stake in climate-tech startup Maithri

Dubai-based global logistics major DP World has acquired a 14% stake in Hyderabad-based climate tech startup Maithri Aquatech .Founded in 2016 by Ramkrishna Mukkavilli, Maithri Aquatech has developed the Meghdoot atmospheric water generation technology in a joint patent collaboration with the CSIR-Indian Institute of Chemical Technology. The company’s systems extract moisture from the air and transform it into potable water through a multi-stage filtration and remineralisation process.The company operates its water generation units for clients including Indian Railways, ONGC, and various state government schools.