Quatt Secures $25 Million in Funding to Revolutionize Sustainable Heating Solutions

Quatt, an innovative start-up founded by Dutch entrepreneurs and brothers in 2021, is excited to announce that it has successfully raised €25 million in funding to accelerate its mission of transforming sustainable heating in the Netherlands and beyond. With a firm commitment to drive the adoption of eco-friendly heating solutions, Quatt is poised to revolutionize the market with its cutting-edge products. Currently, the company offers a smart, hybrid heat pump tailored for Dutch consumers and is set to launch its second product - the All-Electric upgrade - this winter, empowering homeowners to gradually transition away from gas heating entirely. The impetus behind this funding is not just to enhance product offerings but to address a pressing challenge: the Dutch government's bold initiative to encourage 8 million homeowners to abandon natural gas in favor of sustainable heating by the upcoming decades. Despite these incentives, the adoption rate of heat pump installations is disappointingly low, prompting Quatt to focus on improving the overall customer experience. Quatt's innovative solutions include advanced smart control software, streamlined installation processes, and a keen focus on aesthetic design, all aimed at significantly increasing market uptake. By harnessing sophisticated AI technologies such as machine learning and deep learning, Quatt's advanced control system optimizes the operation of its heat pumps in synergy with existing natural gas heaters, achieving a gas reduction of up to 80%. With direct-to-consumer sales and installation strategies, Quatt aims to maintain a payback period of just 3-4 years, fueling a rapid growth trajectory as it works towards a target of installing 3 million heat pumps across the region. Quatt is eager to make sustainable heating a reality and significantly contribute to a greener future.