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OnePlanetCapital Climate Change EIS Fund backs Climate Tech company Airex

AirEx is a rapidly growing climate tech company, designing and manufacturing the world’s first smart air brick technology which optimises ventilation, helping householders reduce their energy bills. This novel IoT-enabled technology transforms the building retrofit market by offering an easy to install “fit and forget” approach that has the potential to lift millions of households out of fuel poverty.

Launched in 2020, AirEx has already deployed over 8,000 smart air brick units across the UK, helping low-income households reduce their carbon footprint whilst saving money on their energy bills.  This Series A investment will help AirEx accelerate commercial growth and help the company scale in the UK and overseas markets whilst developing new products.

AirEx provides an easy-to-install, low-cost solution for reducing fabric heat loss, improving thermal comfort and protecting residents’ health. The patented technology is approved by UK energy regulator, Ofgem, and has recently been recognised within the EPC (Energy Performance Certificate) by the Building Research Establishment, following independent validation of the product’s energy saving impact. Furthermore, AirEx has recently been approved by the Scottish Government under the Warmer Homes Scotland scheme – Scotland’s national fuel poverty programme providing funded energy efficiency products for vulnerable customers.

Even if just half of all UK low-income households were equipped with the technology, it would save over 34.9 million tonnes of lifetime carbon emissions.

Agnes Czako
, Co-Founder & CEO of AirEx said: “Impact is at the core of what we do at AirEx: to help the decarbonisation of homes and eliminate Fuel Poverty. With the help of this investment and business support we are well positioned to execute our vision – to become a ‘no brainer’ solution for social landlords and homeowners looking to reduce energy consumption in a non-disruptive way. We are truly excited to have the support of such like-minded, mission driven investors.”

Ed Stevens, Co-Founder and Director at OnePlanetCapital, said: “We at OnePlanetCapital are extremely pleased and proud to have completed an investment into AirEx. We absolutely love their product and vision and cannot wait to see how quickly they scale as a business. Best of luck to Agnes, Joe and their wonderful team.”

About AirEx

AirEx was founded in 2016 with the mission to tackle the dual challenges of fuel poverty and climate change through its innovative smart home solution, that helps households reduce their energy bills without compromising air quality. The novel, patented solution disrupts the building retrofit market by being a smart, connected homes platform, without the complexity of the tech, with the potential to lift millions of households out of fuel poverty. The company has deployed thousands of units in the field, across multiple UK regions and secured established commercial relationships with energy companies, social landlords and installer organisations. AirEx has won numerous industry awards, including Business Green Technology Award and Innovate UK Women in Innovation Award.