The seed round was led by Mark Boost with backing from Green Angel Ventures and British Gas.
"Data centres are fundamental to our modern lives but they do use (and waste) enormous amounts of energy. All the processing energy ends up as heat and more energy is spent getting rid of it. But heat is useful, why waste it? At heata we’re reusing it to help tackle fuel poverty in a cost of living crisis; another key challenge of our time. This enables a step change in sustainable compute with a genuine social impact."
— Chris Jordan, Co-Founder and Chief Technology Officer
The funding round was led by East Innovate to support team growth and international expansion.
"We believe that time and location-based markets for energy and flexibility are foundational to the fastest, cleanest path to Net Zero energy. But, when Electron started developing these markets six years ago, the policies, business models and technologies required to support such markets were still unclear."
The Dundee-based startup has raised £150k from the British Design Fund to accelerate product development and enter new markets.
"When I saw the statistic I was shocked and the more I looked into it the more I saw the potential for solar heating to solve the problem. But there were many design challenges to overcome, if we were to make a solution that was both accessible and affordable. We knew that any technology we produced had to not only work successfully in different climates but also be very easy to transport and fit."
The financing round was led by EMV Capital alongside Wealth Club and Adjuvo to support expansion in the UK, Europe and the US.
"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."
The third investment from Mercia Ventures and the North East Venture Fund will support four new hires and user acquisition.
"This latest round of funding will further assist with our scale up plans to secure more users of the app, through direct and partnership sign ups. It will also help us continue to enhance our technology platform to support the creation of a network of connected users to form a virtual power plant. This will help the National Grid to make the most of households ever growing smart meter network and accelerate the transition to a sustainable and secure energy network."
