MediSun Energy, a company specializing in advanced osmotic (blue) energy technology, has successfully raised US$8.75 million in its Seed funding round and entered into a strategic partnership with Vynn Capital, a Southeast Asian venture capital firm. The funding includes US$5 million in venture debt and US$3.75 million in equity, which boosts the company’s valuation to US$44 million.
In a joint statement, the companies announced that this investment is one of the significant contributions from Vynn Capital’s Mobility and Supply Chain fund, supported by a range of Malaysian institutional investors and other regional partners. The funding round, led by Vynn Capital, also saw participation from several new investors, including MOAJ Holding, a prominent Saudi investment company; Frank Phuan; TNB Aura, a Singapore-based venture capital firm through its Scout Initiative; and Ciri Ventures, which focuses on climate technology. Additionally, MOAJ Holding has committed up to US$30 million for MediSun’s operations in Saudi Arabia to form a local joint venture.
The companies emphasized that this partnership will help accelerate MediSun’s expansion into the MENA region while strengthening its research and development efforts. MediSun plans to establish two new facilities—one for membrane production and the other for stack production.
Dusun Kim, Founder & CEO of MediSun, said, “At MediSun, we are committed to making the world greener and more sustainable. Our zero-brine technology not only provides clean energy but also contributes to a more sustainable future. This partnership with Vynn Capital is a significant step forward, allowing us to scale our operations and introduce our innovative solutions to new markets. We are excited to use this opportunity to tackle pressing environmental challenges.”
Victor Chua, Founding & Managing Partner of Vynn Capital, commented, “MediSun’s solutions are key to addressing water scarcity and supply chain issues while helping to achieve net-zero carbon goals by reducing energy consumption. In the medium term, we believe this technology will also be vital for other sectors, such as mobility and industrial industries, which require advancements in energy management. This investment underscores our confidence in MediSun’s vision and our commitment to supporting groundbreaking technologies that can benefit both the environment and society.”
In addition to supporting MediSun’s growth, Vynn Capital is also exploring opportunities in key Southeast Asian markets like Singapore, Thailand, and Indonesia. As Southeast Asia’s water technology market is expected to grow substantially, this partnership positions both companies as leaders in innovation and sustainability in the region.
About MediSun Energy
MediSun Energy is a technology-driven company focused on advancing clean and efficient energy solutions. Its innovative WEGen technology uses osmotic power to improve energy efficiency in water desalination and to generate renewable energy. Dedicated to a net-carbon neutral future, MediSun strives to provide sustainable solutions that align with its vision of a world powered by clean, green energy.
About Vynn Capital
Vynn Capital is an early-stage venture capital firm with a focus on bridging traditional industries with new economies through technology development. The firm’s investment approach centers on creating synergistic value between portfolio companies and the broader ecosystem, fostering growth and innovation.
(The above press release has been provided by PRNewswire)
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