Qpinch
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
EBITDA | (<1m) | <1m | (<1m) | (<1m) | (2.8m) | - | - |
Profit | (<1m) | <1m | (<1m) | (<1m) | (2.8m) | (1.0m) | (<1m) |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Spinout | ||
€4.0m | Early VC | ||
* | €14.0m | Series B | |
* | €6.0m Valuation: €70.0m | Late VC | |
Total Funding | €24.0m |
Recent News about Qpinch
EditQpinch specializes in transforming residual industrial heat into usable energy through its proprietary Heat Transformer technology. Operating primarily in the petrochemical, food, and paper and pulp industries, Qpinch targets large-scale industrial clients who generate significant amounts of waste heat. The company's technology captures waste heat from sources like steam, hot liquids, vapors, and condensate, and converts it into industrial heat using a physicochemical process that requires minimal electrical input. This process not only reduces energy costs by up to 50% but also contributes to carbon neutrality by minimizing waste heat emissions. Qpinch's business model revolves around selling and implementing its Heat Transformer systems, which are scalable to megawatt levels, making them suitable for a wide range of industrial applications. Revenue is generated through the sale of these systems and potentially through long-term service agreements for maintenance and optimization. The company operates in the industrial energy sector, focusing on sustainability and cost-efficiency for its clients.
Keywords: heat recovery, industrial energy, waste heat, petrochemicals, food industry, paper and pulp, energy efficiency, carbon neutrality, physicochemical process, megawatt scale.