QPT opens £500,000 crowdfunding round for GaN power
Quantum Power Transformation Limited (QPT) has opened its first crowdfunding round with GaN pioneer Geoff Haynes as the lead investor
QPT is developing high speed gallium nitride designs for more efficient motors and power systems. Haynes is an advisor to QPT and was one of the co-founders of GaN Systems, which is now part of Infineon Technologies. The funding round on Crowdcube has a target of £500,000 and is eligible for EIS tax relief for UK tax payers.
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“There is an old saying invest in what you know. GaN has been my passion for decades and my frustration as it hit the brick wall of RF and overheating issues when being driven at over 100kHz. I am really impressed with how QPT has tackled these issues to enable GaN to now be driven at much higher speeds, which are around 23 times faster than SiC, and thus deliver unprecedented energy savings. I want to continue my GaN journey to realise its now unlocked capability to make more efficient power electronics that cut energy uses so I have invested a six-figure sum in the round as its lead investor. Plus, as an advisor, I can really roll my sleeves up and take GaN to the next level.”
“As motors account for up to 45% of global energy usage, our qGaN technology’s ability to cut energy wastage means that its deployment could significantly help reduce climate change. Investors are always keen on ways to help the planet and our technology does that without downsides. Our solution is smaller, cheaper and saves more energy than rivals according to our studies,” said Rob Gwynne, Founder and CEO of QPT
QPT is also the winner of ABB’s ‘Power Density Start-up Challenge 2023 for Motor Drive Products’ that aims to find companies that can push the boundaries of drives and motors.
Details of the ABB Challenge are at www.collaborateandcommercialize.com/abb-power-density-startup-challenge-2023
Early Access to the funding round is at www.crowdcube.com/early-access/qpt
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