Boxt, a UK smart home heating startup that provides an “Uber-style” service for fitting boilers, electric vehicle chargers and air conditioning, has raised £20m in a funding round led by infrastructure investor Brookfield.
Leeds-based Boxt will use the capital injection to expand its services in the UK and offer fuel-saving technologies such as electric vehicle charging, hydrogen-powered boilers and heat pumps.
Launched in 2017 by co-founders Mel Butler, Andy Kerr and Keith Jones, Boxt offers a range of services to its consumers with a focus on home heating solutions.
It aims to improve heating efficiency and smart home solutions in the UK, and help the country reach its net zero carbon goals by 2050. The company currently offers boilers, air conditioners, EV chargers and home cover services.
It also provides accompanying smart home devices such as thermostats, smoke alarms, cameras and speakers.
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.”
The UK is aiming to phase out gas boilers and replace them with low-carbon tech such as heat pumps and electric boilers. Boxt offers its replacement services online, which it claims is one of the reasons why its customer base is estimated to grow to over 300,000 households by 2025.
Boxt currently employs 70 people and has offices in London and Leeds. It aims to hire more talent to double its workforce in the upcoming 18 months.
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Smart home heating startup Boxt raises £20m