London-based climate tech start-up Tewke successfully raised £2.6m, surpassing its initial target.
- The funding will aid in developing ‘Tap’, a touch-screen light switch aimed at improving home energy efficiency.
- Tewke plans to address the UK’s £4 billion annual energy wastage with its innovative technologies.
- The ‘Tap’ switch requires no rewiring, integrating easily with existing home systems.
- Tewke aims to expand its market reach and enhance its AI-driven energy solutions.
London-based climate tech start-up Tewke has successfully raised £2.6 million in its seed funding round, a figure significantly surpassing its initial target of £1 million. This commendable achievement highlights the strong investor confidence in Tewke’s potential to drive energy efficiency innovations. Founder Piers Daniell emphasised Tewke’s commitment to advancing household technology without the usual trade-offs associated with energy savings.
The approved funding is dedicated to the development of ‘Tap’, Tewke’s advanced touch-screen light switch, which is specifically designed to optimise household energy use, enhancing environmental friendliness, intuitiveness, and security. The company’s commitment to energy-saving solutions is demonstrated by their recent receipt of the Red Dot Award for Design Concept, which verifies the innovative nature of the ‘Tap’ switch.
Tewke’s ‘Tap’ switch stands out for not requiring a neutral wire or smart lightbulbs, making it seamless to install in existing homes. The firm claims that it exists within the “goldilocks zone”, meaning the switch is conveniently placed for user accessibility and functionality, offering a clear understanding of home environments.
The firm capitalised on UK Net Zero Pre-Commercialisation Support Funds and was also a recipient of the Housing Digital Innovation Award. This financial endorsement has empowered them to broaden their market appeal and increase efforts towards developing neuro-symbolic AI systems to further optimise energy usage at a domestic level.
Founded in 2020, Tewke diligently develops all their technology in-house, focusing on creating a robust smart grid system by shifting the focus from energy production to energy consumption. Tewke is intent on showcasing their innovations, including the ‘Tap’, at the CES 2025 event in Las Vegas, illustrating their proactive approach to engaging with global technology platforms.
Tewke’s strategic funding success underpins its commitment to revolutionise energy consumption in household settings.
