Adia funding news – London-based CleanTech Adia Thermal Secures €360k in Funding

The investment came from Blackfinch Ventures, part of the Blackfinch Group, and reflects their focus on supporting companies that help drive the energy transition while offering good returns for investors.

Luke Hodgkinson, CEO of Adia Thermal, said, “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. 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. This investment from Blackfinch will help us scale our solution and bring the benefits of clean heating to many more homes across the UK.”

It’s new hardware and software solution allows heat pumps to be easily installed in homes without needing much pipework or long installation times.

Unlike traditional installations, which can take weeks and require special engineers, it’s technology allows regular boiler engineers to install heat pumps in just three days, even during a boiler breakdown.

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Heating makes up 14% of the UK’s carbon emissions, and 85% of homes still use gas boilers. The government aims to install 600,000 heat pumps each year by 2023. However, the adoption of heat pumps faces challenges like high costs, long installation times, and the need for extra work in older homes.

It helps installers grow their business by offering installations that are "95% faster" and saving customers up to €6k. For homeowners, Adia provides easy room-by-room control of comfort and detailed insights into energy efficiency, with installation costs lower than a new gas boiler.

Dr Reuben Wilcock Head of Ventures at Blackfinch said, “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.”

Blackfinch’s Energy Transition EIS Portfolios provides investors with access to startups developing technologies that enable cleaner, more efficient energy generation, storage and distribution. Adia Thermal joins a growing portfolio of companies that reflect the potential for innovation in energy transition markets, which span a diverse range of sectors such as buildings, industry and transport.

Blackfinch Ventures said they were drawn to it’s strong founding team and early commercial traction. It has already partnered with industry leading heat pump installers and completed multiple successful installations across the UK. According o Adia installers have even chosen to use Adia’s technology in their own homes, giving credence to its transformative potential.

About Adia

Adia is on a mission to dramatically accelerate the decarbonisation of home heating by making heat pumps much easier to install. As one of the latest ventures to emerge from the Carbon13 Venture Builder program in Cambridge, Adia utilizes AI and affordable, easily installable sensor inputs to rapidly deploy digital twins of homes. "