EMV Capital (EMVC), the VC investor specialising in early-stage high-growth deep tech companies, announced it has led the completion of a £3.5 million investment round into its portfolio company Q-Bot, a developer of robots for use in the construction and retrofit industry.
Using AI and robotics, Q-Bot’s 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.
The funding was led by EMV Capital, syndicated from a cohort of private investors and family offices. The funding round was also supported by Wealth Club, the UK’s largest investment service for high net worth and experienced investors, and for the first time, Adjuvo, a London-based investment syndicate.
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.”
Q-Bot’s advanced insulation is installed in over 200 homes every month, with revenues increasing by 60% over the past 12 months. In the UK alone, Q-Bot’s high-performance retrofit insulation can help insulate the 8 to 12 million homes that have suspended floors and which are hard to treat using traditional forms of insulation.