Quatt

Quatt is a Dutch startup founded in 2021 with the goal of accelerating the transition to sustainable heating, starting with the Netherlands. Their first product, a smart hybrid heat pump, is already in the Dutch market, and they're set to launch the All-Electric upgrade this winter, allowing consumers to transition away from gas. With the Dutch government incentivizing 8 million homeowners to adopt sustainable heating, Quatt aims to significantly increase the adoption rate by improving the customer experience, adding smart control software, simplifying installation, and enhancing aesthetics. Their highly advanced control system, incorporating AI technologies like machine learning and deep learning, can reduce gas usage by up to 80%.

Quatt's strong focus on direct-to-consumer sales and installation, in addition to the advanced AI-based operational system, positions them for a quick uplift in sales, targeting a payback time of 3-4 years. Their recent Series A investment of €25.00M in July 2024, with participation from Impact Equity Fund, Blue Earth Capital, Seaya Andromeda, demonstrates the confidence of notable investors in Quatt's vision and potential. With a target of 3 million installed heat pumps, Quatt is poised to make a significant impact in the sustainable energy sector.