• Swindon & Wiltshire Manufacturing
• Monday December 9 2024
• Author Name: Peter Davison

Robotic manufacturing firm receives £2 million investment

A Bristol-based robotic manufacturing company has secured £2 million in funding, led by Maven Capital Partners through the British Business Bank’s South West Investment Fund.

Q5D Technologies has received £500,000 from Maven as part of the larger investment round.

Q5D Technologies aims to revolutionise wire-laying processes across industries such as automotive, aerospace, and consumer electronics.

The investment will enable Q5D to expand its innovative five-axis platform, which automates the intricate process of embedding wiring and electronics onto 3D surfaces.

Q5D’s platform has gained interest from major industry players, including several of the world’s largest wiring harness companies and some of the largest and most innovative car makers, demonstrating Q5D’s impressive business model and the growth potential of its patented technology.

The funding will also support the delivery of initial HaaS (Hardware as a Service) contracts and expand Q5D’s Technology Assessment Centre in Portishead, which has become a hub for testing and refining the company’s solutions alongside clients.

Stephen Bennington, CEO of Q5D Technologies, said: “We are really pleased to be partnering with Maven and the South West Investment Fund, their advice and capital are helping us drive the company’s growth. Q5D is already attracting large number customers and growing the support and business development teams is critical.”

Melanie Goward, partner at Maven, said: “We are thrilled to support Q5D Technologies as they scale their operations. Their unique approach to additive manufacturing, combined with impressive early traction with major industry players, positions them well for rapid growth. We look forward to working closely with Stephen and the team as they look to meet the increasing demand from global leaders in the automotive and aerospace sectors.”

Lizzy Upton, senior investment manager at British Business Bank, said: “We’re excited to support Q5D as they scale up their operations, bringing their cutting-edge technology to market. The South West Investment Fund helps support and foster innovation across the South West and we look forward to seeing Q5D deliver its pioneering solutions to manufacturing sectors in the region and beyond.”