About
Maygia has developed a technology that can reduce both costs and carbon emissions associated with treating industrial wastewater while also providing a solution for converting salty and contaminated water into drinkable water. The technology operates using a box that runs on hydrogen instead of electricity, eliminating the need for electricity-consuming devices. Feeding the box with hydrogen and wastewater or salty water produces clean water, waste, and electricity.
The company’s technology has the potential to provide a range of benefits to customers worldwide, including cost savings, reduced emissions, lower maintenance requirements, reduced size, backup power, and time-shifting operations, among others. Maygia’s technology offers a customizable and sustainable solution for treating wastewater and producing drinkable water without reliance on traditional electricity sources.
Company Intelligence Q&A
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- What is Maygia's primary technological focus?
- Maygia has developed a hydrogen-powered technology for treating industrial wastewater and converting salty/contaminated water into drinkable water, while also generating electricity.
- When was Maygia founded?
- Maygia was founded in January 2022.
- What is Maygia's current operational status?
- Maygia is currently inactive and ceased to operate in March 2025.
- What was Maygia's former name?
- Maygia was formerly known as ParagonH2.
- Where is Maygia's headquarters located?
- Maygia's headquarters is located in Haifa, Israel.
- What is the estimated employee count for Maygia?
- Maygia has an estimated employee count of 1-10 people.
- What was the total amount of funding Maygia raised?
- Maygia raised a total of $120,000 USD.
- Who is a known founder of Maygia?
- Yair Korenblit is a known founder of Maygia.
- What are the primary geographic markets Maygia targeted?
- Maygia targeted geographic markets including the United States, Europe, Asia, and Israel.