London-based Tewke secures £2.6 million in funding to enhance smart light technology.
- The funding surpasses the initial goal of £1m, bolstering their innovative project.
- Tewke’s ‘Tap’ light switch aims to combat the UK’s £4 billion annual energy wastage.
- The product offers convenience by seamlessly integrating into homes without rewiring.
- Tewke plans to showcase at CES 2025 in Las Vegas, signaling international expansion.
In an impressive financial achievement, London-based climate tech company Tewke has secured £2.6 million in funding, greatly exceeding its initial target of £1 million. This significant investment will further the development of Tewke’s intelligent light switch, known as ‘Tap’, designed to enhance home energy efficiency without necessitating rewiring.
Tap, already a recipient of the Red Dot Award for Design Concept, aims to tackle the UK’s substantial energy wastage, estimated at £4 billion annually. The device represents a step towards environmentally friendly and intuitive home solutions. Founder Piers Daniell emphasizes their commitment to creating a platform that improves home environments while addressing energy consumption without compromises.
Tap distinguishes itself by not requiring a neutral wire or smart lightbulbs, allowing simple integration into any household. Tewke claims their product occupies the optimal ‘goldilocks zone’, being accessible to all family members, and providing clear insights into the home environment through its strategic positioning.
The company has successfully doubled its seed round target, assisted by UK Innovative funding from the UK Net Zero Pre-Commercialisation Support Fund, and recognition such as the Housing Digital Innovation Award. The additional funds will support market expansion, the growth of their software team, and the advancement of their neuro-symbolic AI systems for further energy optimisation.
Founded in 2020, Tewke develops its technologies in-house, including its electronics and the Tewke OS operating system. The firm aspires to form the backbone of a future smart grid by focusing on energy consumption strategies. Tewke is set to exhibit its cutting-edge technologies, including Tap, at CES 2025 in Las Vegas, marking a significant step towards international visibility.
Tewke’s successful funding round marks a substantial step towards smarter, more efficient homes, and a promising future on the global stage.
