With Q-Bot’s advanced insulation installed in over 200 homes every month and following a 60% increase in revenue over the past 12 months, Q-Bot has secured a new tranche of investment, totalling more than £3.5million. The new funding will support Q-Bot’s growth in its main market of the UK, in continental Europe and in the USA. In the UK alone, Q-Bot’s high performance retrofit insulation can help insulate the 8-12 million homes that have suspended floors and which are hard to treat using traditional forms of insulation.
The funding from a cohort of private investors and family offices has been led by EMV – the VC investor specialising in early-stage high-growth companies, Wealth Club – the UK’s largest investment service for high net worth and experienced investors and for the first time by Adjuvo, a London-based investment syndicate.
Today’s announcement of the new funding 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. During his visit (August 1st), Lord Callanan praised Q-Bot’s cutting-edge work and the contribution that Q-Bot was making to improving the energy efficiency of homes across the UK and in reducing carbon emissions, a vital component in the journey towards Net Zero.
