Q-Bot grabs £3.5m for insulation installing robots

Q-Bot robot Image credit: Andy Aitchison / Q-Bot

Insulation installing robot maker Q-Bot has secured over £3.5m in its latest fundraise to support its expansion across the UK, as well as into Europe and the US.

Q-Bot’s robots are deployed under floorboards, where they can spray insulation. The bots also produce a digital twin of the property, which can be used by landlords to stay up to date with regulations and receive suggestions on energy performance.

Prof Peter Childs, 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.”

The London-based robotics business has reported in the last year it has achieved a 60% increase in revenue.

According to Q-Bot, the robots can add insulation to more than eight million homes with suspended floors. A Leeds Beckett University study found using the installation method resulted in 24% less heat escaping from a property.

The funding round was led by EMV Capital and featured participation from Wealth Club, London-based investment syndicate Adjuvo and unnamed family offices and private investors.

Dr Ilian Iliev, MD of EMV Capital and investment director of Q-Bot, said: “The company continues to make strong progress in scaling sales with its innovative use of robotics and AI in the construction technology industry, and in particular in the retrofit home insulation market.”

John Kennedy was this month appointed as the chief executive of Q-Bot.