Eco tech company SAVORTEX has raised £1.5m to launch a new range of eco dryer which has already been picked up by high profile clients including RBS.
The London-based business claims to have pioneered the world’s first intelligent and economical hand drying products.
The investment is led by investor John Calvert, with the Technology Strategy Board and a number of angels also contributing.
From the boardroom to the bathroom
From the boardroom to the bathroomSAVORTEX was founded seven years ago by former Apprentice star Syed Ahmed.
Their new smart dryers have built in ‘Data Intelligence’ which draws realtime washroom and traffic data from the technology which give businesses a smart way of accurately measuring cost savings and improving carbon efficiency.
They are already working with the like of Marriot, British Airways and McDonalds, and have just announced that RBS will be installing the technology in up to 50 buildings. The company predict that it will save them £30,000 and 14,000 tonnes of CO2 per site, per year.
Green tech
Ahmed believes that the ‘inefficient market’ is one that is desperate for disruption:
There are 70 million washrooms globally.
Twenty percent of these are fitted with energy-hungry dryers but then when you factor in that a massive eighty percent are still using damaging and very expensive paper towels, you can see why we wanted to build something that disrupts this very inefficient market.