London-headquartered Q-Bot has secured a new tranche of investment, totaling over £3.5 million. The funding from a cohort of private investors and family offices has been led by EMV, a VC investor specialising in early-stage high-growth companies, Wealth Club, UK’s largest investment service for high net worth and experienced investors and Adjuvo, a London-based investment syndicate. This round follows the £1.6 million it secured back in 2022.
The fresh funds will support its growth in the UK, in continental Europe, and in the USA.
This investment follows the recent visit to Q-Bot’s new head office and retrofit research centre in London by Lord Callanan, the UK Energy Minister with responsibility for Energy Efficiency and Green Finance.
Professor Peter Childs FREng, Chair and co-founder of Q-Bot said: “This investment is a strong endorsement of our work and recognition of the market opportunity that exists in the UK and overseas. Our customers, from private individuals to energy suppliers and providers of social housing, are assured by the comprehensive and professional approach that we take towards insulating homes whilst leveraging use of state-of-the-art robotics and AI.”
Dr Ilian Iliev, MD of EMV Capital and Investment Director of Q-Bot noted: “We are pleased to see Q-Bot close out this important fundraising. The company continues to make strong progress in scaling sales with its innovative use of robotics and artificial intelligence in the Construction Technology industry, and in particular in the retrofit home insulation market. We look forward to seeing its continued success as it scales beyond the UK market, with a focus on market entry in the US and EU.”
John Kennedy, Chief Executive of Q-Bot said: “With this latest tranche of funding, the welcome endorsement that we have from our investors and the UK Government, the energy efficiency commitments in the UK and overseas, and the public sector funding available to do this, Q-Bot has a strong platform to become a major, mainstream player within the retrofit sector and insulation market.”
Robot tech to reduce energy bills
Q-Bot was founded in 2012 by Tom Lipinski and Peter Childs FREng. Its technology insulates floors is quick, hassle-free and cheaper than other forms of insulation. In the UK alone, Q-Bot’s high performance retrofit insulation can help insulate the 8-12 million homes that have suspended floors that are hard to treat using traditional forms of insulation. With advanced insulation installed in over 200 homes every month, Q-Bot will reduce people’s energy bills.
The robot tech for floor insulation is verified by the Energy Saving Trust and the Residential Property Surveyors Association. Notably, Lord Callanan, the UK Energy Minister applauded Q-Bot’s work and its contribution to improving the energy efficiency of homes across the UK and in reducing carbon emissions, a vital component in the journey towards Net Zero.
Also, independent tests were undertaken by Leeds Beckett University point to a 24% heat loss reduction in homes that have Q-Bot insulation. It has been estimated that the Q-Bot insulation reduces running costs for properties with heat pumps – by as much as 30%
