Q-Bot, a London, UK-based advanced insulation solutions provider, raised more than £3.5m in funding.
The round was led by EMV Capital, Wealth Club, and Adjuvo.
The company intends to use the funds for growth in its main market of the UK, in continental Europe and in the USA.
Founded in 2012 by Tom Lipinski (now Q-Bot’s Chief Technology Officer) and Professor Peter Childs FREng, and led by John Kennedy, Chief Executive Officer, Q-Bot leverages Artificial Intelligence and robotics to insulate people’s homes. Using AI and robotics, the insulation is deployed beneath suspended timber floors or to the underside of suspended concrete floors. A remotely operated robotic device applies a continuous layer of spray-foam insulation to the underside of the floor, resulting in a reduction in heat loss through the floor and a barrier to cold air draughts.
Q-Bot is a provider to the UK Government’s Green Homes Local Authority Delivery Scheme, the Social Housing Decarbonisation Fund, Great British Insulation Scheme and Home Upgrade Grant. The company works with over 50 registered social housing providers, energy companies such as E.ON and British Gas, as well as a network of accredited installers and property agents. Q-Bot has been in operation for over 10 years, installed in over 4000 properties across the UK and Europe.
FinSMEs
13/09/2023