Refrigeration and heat pump specialist Vert Technologies has raised £1.9m to back expansion plans.
The Edinburgh-based business aims to boost the presence of its conical rotary compressor (CRC) technology in the refrigeration and heat pump sectors.
Vert recently completed a £775,000 investment funding round, through existing investors Par Equity, Equity Gap, Aeroden and Scottish Enterprise. It has also received £650,000 grant funding from Scottish Enterprise to develop a compressor for the refrigeration market.
The company was also awarded £490,000 from the UK Government’s Department of Business, Energy, and Industrial Strategy’s (BEIS) Energy Entrepreneurs Fund. The 15-month BEIS project will help the company refine its CRC technology for use in domestic heat pump systems.
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