Bonphul Air Products, the developer of OxyMax, India’s first-and the world’s second-oxygen optimiser, on Thursday, raised Rs 2 crore in an angel investment round from Rx Infotech and Karmesh Global Technologies.
This ten-month-old startup had, in October last, received an undisclosed amount of seed capital from Faridabad-based investor Satish Bhatia.
“The company will use the invested funds for expansion of its product portfolio and widening its sales and marketing network. The company also plans to infuse funds into technology development, and roll out highly customised solutions for users in different verticals like hospitals, schools, shopping malls,” said COO and co-founder Narendra Bisht.
“Bonphul has the right combination of technology expertise, business acumen and domain knowledge to win the customers need for good quality air. We are delighted to collaborate with Bonphul and look forward to the exciting next phase of growth,” said Atul Gupta, director, Rx Infotech.
“The narrative on air pollution has, sadly, remained limited to particulate matter PM 2.5. I really admire the Bonphul team’s desire to take a comprehensive view of indoor air quality and tackle the most important problem of all – the falling levels of oxygen in our cities and in our homes,” said Saurabh Rastogi, director, Karmesh Global Technologies.
OxyMax is a path-breaking product that operates in a split mode, with an outdoor unit and an indoor unit.
The outdoor unit harvests oxygen from the outside air and pumps it indoor, where it is dispensed by the indoor unit.
This increases the oxygen level in the indoor air from its current level to 21 percent, creating an environment of freshness and vigour.
Good quality air-what is called Mountain Fresh-is a mixture of about 21 percent oxygen, 78 percent nitrogen and one percent other gases.
However, in most cities, the oxygen level in the air is far lower; outdoors it would be around 18 percent, indoor even less. This leads to a whole host of problems: some immediate and some long-term.