News: Microelectronics
25 March 2024
QPT’s Crowdcube funding round surpasses £1m
Independent power electronics company Quantum Power Transformation (QPT) Ltd of Cambridge, UK (which was founded in 2019 and develops GaN-based electric motor controls) says that its Crowdcube funding round (which closes soon) has surpassed £1m. The target was £600,000. The funding pitch is still live at www.crowdcube.com/companies/qpt/pitches/qno9gl.
QPT’s technology can cut the power consumption of electric motors by 10%, reckons CEO Rupert Baines. “QPT’s qGaN technology is a unique solution for the issues of overheating and RF interference that currently limit the speeds that GaN can be driven at. Now GaN transistors can be run at much higher speeds that any other rival technology – 20 times faster than SiC [silicon carbide] for example. The higher the speed, the less power is wasted in the motor control, which can be very significant, and the power savings rapidly add up, as 45% of the world’s electricity is used by electric motors in industry, transportation, heat pumps and electric vehicles,” Baines adds. “Our solution is smaller, with a significantly lower system cost, and saves more energy than rivals, according to our studies.”
QPT opens Crowdcube funding round, with Geoff Haynes as lead investor
