Wondrwall Group, a smart home tech firm, is set to expand its team by more than 40 staff by the end of the 2023/24 financial year. This milestone development follows the partnership with InfraRed Capital Partners, which has given the firm access to over £100m in investment. The company’s primary goal is to build 100,000 net zero energy homes, and half of the UK’s top national house builders are currently trialling the technology.
Wondrwall’s CEO, Daniel Burton, has emphasised that the InfraRed Capital Partners investment deal terms are confidential but has noted that it will provide ample room for the firm to scale its ambitions. The partnership will help the firm to achieve its objective of making net zero living accessible across thousands of new UK homes. Burton also spoke of the business’s capability to replicate its solutions globally, thereby reducing the cost of expensive, carbon-emitting retrofits.
Burton said that Wondrwall’s innovations could make a substantial contribution to the reduction of carbon emissions, combatting fuel poverty, and eventually eradicating energy bill burdens. The uptake of Wondrwall’s technology could also drive a significant reduction in carbon emissions, a vital factor in addressing climate change. The firm’s CEO stated that the infusion of capital underscores the private sector’s immense potential to accelerate the world towards a more sustainable future.
In conclusion, Wondrwall’s innovative solutions and the recent investment partnership with InfraRed Capital Partners will supercharge the firm’s growth within the UK’s housing market. The partnership highlights the significance of technology innovation in accelerating positive change towards a sustainable future.