Sherbrooke, Que,-based Oneka Technologies has raised $5.5 million in a round of equity and non-dilutive funding led by Nova Scotia venture capital Crown corporation Innovacorp, and plans to establish a base in Atlantic Canada.
Founded in 2015 by mechanical engineer Dragan Tutic, Oneka manufactures wave-powered seawater desalination systems housed inside autonomous buoys. The company started as a student project and is now aiming to sell its technology to resorts, coastal communities and the owners of private islands.
Tutic, now the CEO, said in an email that his team has already tested a