The investment, which follows an initial investment from Bosch, is led by Brookfield Infrastructure, which has also invested in residential infrastructure specialists Thermondo in Germany, and Enercare in Canada and the U.S.

BOXT will use the cash injection to spur company growth in the UK. In less than four years the Leeds-headquartered technology company, which offers consumers an 'Uber-style' service for fitting boilers, electric vehicle chargers and air conditioning with accompanying smart home devices, such as thermostats, smoke alarms, cameras and speakers, has become Britain’s second largest boiler installer, providing services to over 100,000 households nationwide. 

Unveiling a home cover for existing customers in 2020, a boiler repair solution in 2021, along with smart home packages, via its partnership with Google, the business is on course to grow its customer base to over 300,000 households by 2025.

This latest investment round will also allow the business to continue to develop its technology platform. 

Growing to over 70 employees since its inception in 2017, BOXT aims to double its workforce in the next 18 months. The digital heating disruptor has amassed a network of over 3,000 engineers, with a view to increasing this to 6,000 by 2023 to meet customer demand.

“The company has continually delivered double digit growth since 2017,” said BOXT founder and CEO, Andy Kerr. “Bucking the trend of the traditional UK heating industry, we’ve achieved over 50% underlying sales growth despite the challenging economic circumstances throughout the COVID-19 pandemic ’’ 

“We’ve invested significantly in technology that creates a smooth customer journey, reducing waste and additional journeys for both customers and engineers.

“Nurturing partnerships with Bosch, Google, EDF, and Halfords have also strengthened our proposition and momentum in the UK, while ensuring the business is at the forefront of innovation.”

“Our vision is to be part of the solution to the carbon questions being asked of our industry, supporting our customers - especially the most vulnerable as the UK transitions its heating and energy supply to a more climate friendly future,” Kerr continued. 

“We are pledging to become a net-zero carbon business by 2045, reducing our overall carbon emissions by 45% by 2035. 

“The latest round of funding will enable us to continue to expand and provide our energy efficient and optimisation products like Google Nest, as well as fuel saving technologies to our customers, such as electric vehicle charging, as well as hydrogen powered boilers and heat pumps.

“We are delighted to have Brookfield as our partner, as one of the largest energy and infrastructure investors in the world. We know they will bring a wealth of knowledge into the business and together, we see an incredibly ambitious future of growth for BOXT.”

Brookfield Managing Partner, Sikander Rashid said: “The UK home heating market is expected to experience accelerating change over the next few decades in response to progress in technology and regulation” 

“Having rapidly gained the trust of thousands of consumers, we believe BOXT is well positioned to continue to grow its market share, given the attractiveness of the online offer combined with the scalable and flexible business model.”