Heat pump installation startup Adia Thermal has raised £300,000 of funding from Blackfinch Ventures.
The funding will be used to help the London-based business scale its solution and bring clean heating to more homes across the UK.
Adia’s patent-pending hardware and software solution is said to allow heat pumps to be retrofitted into homes without the need for extensive pipework or lengthy installation processes.
Adia’s technology enables installation by regular boiler engineers in as little as three days, even during boiler breakdowns.
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“Over 60% of UK boiler sales come from breakdowns, and by then it’s too late to get a heat pump, as current installation timescales are approximately four weeks or more,” said Luke Hodgkinson, Adia Thermal CEO.
“With Adia Thermal, a heat pump can be fitted in three days – as quickly and easily as a gas boiler – saving homeowners thousands of pounds, and letting them switch to greener heating without months of planning.”
Dr Reuben Wilcock, head of Ventures at Blackfinch, added: “Adia is the perfect example of what our Energy Transition EIS aims to achieve.
“The company is solving a real world challenge with an innovative, scalable solution that supports the decarbonisation of the built environment.
“By investing in companies like Adia, we’re delivering value to investors while addressing critical infrastructure needs in the transition to net zero.”
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