Tewke, a climate tech start-up, has secured £2.6 million in seed funding, exceeding its initial £1 million target.
- The funds will develop ‘Tap,’ an intelligent light switch that optimizes home efficiency without rewiring.
- The ‘Tap’ switch, awarded the Red Dot Award for Design Concept, aims to reduce the UK’s significant energy wastage annually.
- Tewke’s ‘Tap’ switch does not require a neutral wire or smart bulbs, allowing easy integration into homes.
- Tewke plans to enhance its market reach and AI technologies with the additional funding.
Tewke, a forward-thinking climate tech start-up based in London, has impressively secured £2.6 million in a seed funding round despite initially aiming for £1 million. This substantial fund will enable the development of their intelligent light switch named ‘Tap.’ Touted as a game-changer in home efficiency, ‘Tap’ promises optimization without the need for extensive rewiring.
The ‘Tap’ light switch stands out due to its innovative design. Notably, it has been recognized with the Red Dot Award for Design Concept. It’s not just about style; the switch targets a significant problem—the UK’s annual energy wastage of £4 billion. The switch is designed to seamlessly fit into homes, requiring no neutral wire or smart light bulbs, ensuring it is user-friendly and easily adoptable.
Tewke’s ambitious vision is spearheaded by its founder, Piers Daniell, who emphasizes creating a home environment that saves energy without sacrifices. He states, “Often energy savings are associated with some kind of compromise, but at Tewke we are building a platform that will elevate people’s homes, making them more environmentally friendly, intuitive, and secure.”
The funding milestone was achieved with contributions from UK Innovative funding and other awards. These funds will not only push Tewke’s product development but also expand its market proposition. There is a strategic plan to grow their software team and bolster the development of neuro-symbolic AI systems. Such systems are seen as critical to enhancing energy optimization capabilities further.
Founded in 2020, Tewke prides itself on its in-house development strategy, crafting everything from electronics to the Tewke OS, which powers its products. The start-up’s vision extends to creating the backbone of future smart grids by shifting the focus towards energy consumption patterns rather than just generation. With sights set on CES 2025 in Las Vegas, Tewke intends to present ‘Tap’ and its technological advancements to a global audience.
Tewke’s successful funding round marks a pivotal step in evolving home energy management technology, paving the way for future innovations.
