Qvantum, a Limhamn, Sweden-based heat-pump systems and technology company, raised €42M in funding.
The round was led by Thomas von Koch and IMAS Foundation. Munters, the global leader in energy-efficient air treatment and climate solutions, also joined the financing round and will enter into a co-operation agreement with Qvantum. Other Series B investors were SEB Greentech, DIG Investment (connected to the H&M Persson family) and Gullspång Invest. Mats Rahmström, CEO of Atlas Copco, is also investing through his private company and joins Qvantum as industrial advisor.
With the new funding, the company will
- finalize its new production site in Åstorp (capacity of 50 000 heat pump per year)
- launch a modular electric heat pump series based on natural refringent across Europe.
Led by CEO Fredrik Rosenqvist, Qvantum provides heat pumps and a software suite that will make it easier for Engineering consultants, Installers, Project developers and Utilities, to decarbonize the heating and cooling of urban areas and cities.
Committing on the news, Fredrik Rosenqvist said “Qvantum is uniquely positioned to become a major player providing solutions to combat the climate crisis – the heat pump market is growing exponentially, and our offering can contribute significantly to decarbonizing European cities. We give people living in urban areas the chance to become fossil fuel independent by making carbon neutral heating easily accessible. We can mitigate the impact of rising energy prices while accelerating the clean energy transition. And we are thrilled to have the support from professional long-term investors who allows us, as a firm, to develop even further and faster”.
FinSMEs
07/01/2023