London-based Q-Bot secures €4m to drive expansion in Europe and the U.S.

London-based Q-Bot has raised €4 million to insulate people’s homes with robotics and AI. 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.

Peter Childs, Chair and Co-founder, Q-Bot: ''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.''

Ilian Iliev, MD, EMV Capital and Investment Director, Q-Bot: ''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."

Using Q-Bot’s technology to insulate floors is quick, hassle-free and cheaper than other forms of insulation; it is verified by the Energy Saving Trust and the Residential Property Surveyors Association.  Independent tests undertaken by Leeds Beckett University point to a 24% heat loss reduction in homes that have Q-Bot insulation, and in a separate study it has been shown that Q-Bot insulation reduces running costs for properties with heat pumps – by as much as 30%.

Whilst Q-Bot will reduce people’s energy bills, Q-Bot can as a result of a single measure upgrade people’s homes. Out of 12.6m homes in the UK that are rated Energy Performance Certificate D or below, 30% will only need Q-Bot’s insulation to reach EPC C (a key objective of UK Government policy), at less than a quarter of the cost of alternative methods and without disruption, making the transition to the low carbon economy far easier and pain-free.

John Kennedy, Chief Executive, Q-Bot: ''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.''

Alongside the funding agreement, John Kennedy has been confirmed as the company’s Chief Executive; John joined Q-Bot in late 2022.  John’s career to date has included senior executive finance and business roles in the insurance and technology sectors.

www.q-bot.co