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Smart Boiler Maker Tepeo Raises £10M

Smart Boiler Maker Tepeo Raises £10M

12/15/22, 11:45 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/GB.svgwokingham
Money raised
£10 million
Industry
renewable energy
energy
Investors
Bonheur And Renewable Environmental Investments Ltd, Clean Growth Fund
Wokingham-based startup Tepeo has scooped £10.4m in a Series A funding round led by BGF for its smart boiler.

Company Info

Company
Tepeo
Location
wokingham, england, united kingdom
Additional Info
The decarbonisation of heating is one of the major unanswered challenges of the industrial strategy. Half of all the energy we use in the UK is for heating and it represents 30% of total UK carbon emissions. What’s more, 80% of the energy we use in our homes is for space or water heating and this still comes almost entirely from fossil fuels (gas and oil). tepeo was founded with the vision to develop low cost solutions to the decarbonisation of heat challenge. Our mission is to develop technology which can be the enabler for the migration of all UK homes from gas and oil boilers to zero carbon alternative heating systems without any additional costs to homeowners and while supporting the transition to a decentralised and decarbonised electricity grid. We have a growing cross-functional team of experienced engineers. We're working on it! If you're interested in getting involved, get in touch.

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