£20M Boost for Boxt Smart Home Heating Startup
Boxt has raised £20m in a funding round led by infrastructure investor Brookfield.
02:47 31 January 2022
A UK smart home heating startup has raised £20m in a funding round led by infrastructure investor Brookfield.
Boxt, which provides an "Uber-style" service for fitting boilers, air conditioning and electric vehicle charges, confirmed that the capital injection will be used to expand the firm's services in the UK.
Boxt founder and CEO, Andy Kerr, said: “We’ve invested significantly in technology that creates a smooth customer journey, reducing waste and additional journeys for both customers and engineers. Nurturing partnerships with Bosch, Google, EDF and Halfords have also strengthened our proposition and momentum in the UK, whilst ensuring the business is at the forefront of innovation.”
Launched in 2017, the firm offers a range of services to its consumers with a focus on home heating solutions. Its goal is to help the UK reach its net zero carbon goals by 2050.