Smart home tech firm Wondrwall Group has launched an investment partnership with InfraRed Capital Partners.
The partnership supports Wondrwall’s ambition to unlock an initial investment programme of over £100 million.
InfraRed is an international infrastructure investment manager with a portfolio of around $14 billion equity under management. It said its investment will unlock Wondrwall’s potential to expand its footprint to over 100,000 Net-Zero energy homes, both in the UK and on the global stage.
Launched in 2018, Wondrwall’s technology is an AI-powered home energy management system capable of adapting to homeowners’ living habits, energy consumption, the thermal performance of the home and external factors like weather forecasts, geo-location and time-of-use tariffs.
Currently being trialled by many of the UK’s leading national housebuilders, the company says its technology is reshaping the landscape of sustainable home construction.
“This is a landmark moment for Wondrwall and will help us to accelerate towards our ambition of making intelligent Net Zero living accessible to all,” said Daniel Burton, CEO and founder.
“InfraRed is an exceptional partner for Wondrwall and the investment underlines the importance of our technology in helping to reduce energy consumption of homes and help the UK in transition to Net Zero.
“Put simply, Wondrwall creates the most intelligent homes in Britain. By harmonising energy generation, storage, and demand, our solution reduces carbon to protect the climate and reduces energy bills to protect the consumer.
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“With pledges being made to deliver 1.5 million new homes in the UK over the next five years, if just half were installed with Wondrwall technology, the carbon saving would be the equivalent of more than 14 million trees with the potential to absorb 321 million kilograms of CO2 per year.
“This investment marks a significant milestone for Wondrwall, facilitating rapid upscaling to meet the evolving needs of housebuilders on their ESG journey and homeowners grappling with escalating energy costs. Wondrwall is uniquely positioned to manage energy consumption, supporting grid decarbonisation, reducing energy bills, and maintaining current build costs.”
Stephane Kofman, partner, head of capital gain funds at InfraRed, says: “Wondrwall is a company that stands at the forefront of the energy transition.
“This partnership demonstrates our ongoing commitment to invest in infrastructure solutions that both support sustainable futures and address the current cost of living crisis.”
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