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Air Water Ventures
Air Water Ventures, founded by Apoorv Rastogi, builds and operates atmospheric water generation plants as infrastructure assets for water-scarce regions.
Air Water Ventures
Air Water Ventures was established in London to address water scarcity through direct air-to-water technology. Apoorv Rastogi, its founder, structured the firm not as a technology licensor but as a developer and owner of the physical plants that produce water. This means the company originates projects, secures financing, oversees construction, and then operates the assets over their lifecycle. The wealth backing the firm has not been publicly attributed to a single family source; it operates as an independent project development and investment platform. The firm’s strategy centers on building, owning, and operating atmospheric water generation (AWG) plants. Target geographies include the Middle East, parts of Africa, and South Asia — regions where humidity is sufficient and water infrastructure is strained. Air Water Ventures participates across the capital stack: it raises project finance for new plants and takes direct equity stakes in the operating assets. Confirmed operational efforts have focused on the United Arab Emirates, a market with high ambient humidity, limited freshwater, and government mandates for water security. The firm packages its output through long-term water purchase agreements, treating the commodity much like a renewable-energy developer sells power. Scale remains early-stage. The firm does not publish its total deployment or headcount. A recent public milestone came in April 2024, when Air Water Ventures signed a memorandum of understanding with Masdar City in Abu Dhabi to pilot atmospheric water generation at scale (per WAM, 2024). The project positions the firm within the UAE’s broader sustainable infrastructure testing ecosystem. This development framework mirrors the early trajectory of distributed solar developers a decade ago — capital-light partnering with real-asset ownership as the end state. Air Water Ventures’ structural distinction is its asset-heavy play in a sector dominated by equipment manufacturers and small-scale device sales. Rather than selling the hardware, the firm treats water as an infrastructure product — building plants, securing offtake, and holding the assets. This model generates recurring contract revenue while the underlying water rights and plant locations accumulate value in water-stressed jurisdictions.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
London, United Kingdom
Principals
Apoorv Rastogi
Founder & CEO
Sector focus
Frequently asked questions
How does Air Water Ventures source its deal flow and project sites?
The firm originates projects through direct government engagement and partnership with sovereign development entities. Its memorandum of understanding with Masdar City in Abu Dhabi is one public example. The model relies on identifying regions with strong government mandates for water security, high humidity, and a willingness to enter long-term offtake agreements.
Is Air Water Ventures a technology company or an infrastructure developer?
It is structured as an infrastructure developer and asset owner, not a manufacturer. The firm integrates existing atmospheric water generation systems into turnkey plants that it finances, builds, and operates. Revenue comes from long-term water purchase agreements rather than equipment sales.
Which geographies does the firm actively target?
The firm focuses on water-scarce regions with high humidity, targeting the Middle East, parts of Africa, and South Asia. The UAE is the firm's most publicly documented market, with a pilot project underway at Masdar City in Abu Dhabi.
What is Air Water Ventures' known posture on co-investors or project finance?
The firm uses project finance to fund new plant construction, consistent with an infrastructure development model. It retains direct equity ownership in the operating assets. Specific co-investors or lending relationships have not been publicly disclosed.
Does the firm have any known philanthropic or foundation structures?
No philanthropic foundations or parallel structures have been publicly identified in connection with Air Water Ventures. The firm presents itself as a commercial project development and investment platform.
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