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Wednesday, January 15, 2025

Geothermal drilling automation startup Borobotics raises CHF 1.3M funding


Geothermal drilling automation startup Borobotics raises CHF 1.3M funding
Borobotics emblem engraved in cylinder of motion unit. (supply: Borobotics)

Swiss geothermal automation drilling startup has raised CHF 1.3 million in fairness funding for growth of their area and energy-efficient drilling tech.

Swiss startup Borobotics has raised CHF 1.3 million (USD 1.4 million) in fairness funding to assist its growth of a brand new geothermal drilling system for warmth pump installations in city settings.

Led by Underground Ventures (UGV), the spherical was joined by the Swiss Kickfund, Silicon Valley angel investor and Netlify founder Christian Bach, and a bunch of Swiss angel traders. Additionally becoming a member of the spherical is Swiss drilling firm Hans Barmettler & Co AG, Swiss drillhead producer Bospi AG and Swiss property growth firm WSG AG.

“Borobotics is revolutionizing geothermal warmth era with an revolutionary drilling robotic that makes drilling extra environment friendly, quieter and extra environmentally pleasant. As we speak’s funding spherical brings us a giant step nearer to our purpose of facilitating entry to sustainable warmth for buildings – a major contribution to the warmth transition,” mentioned Hans-Jörg Dennig, CEO of Borobotics.

Borobotics workforce (Left to proper, first row: Hans-Jörg Dennig, Lina Hunziker, Moritz Capsule, Philipp Strahm & Philipp Ganz. Left to proper, again: Rafael Oelen, Robin Vetterli. Lacking from photograph: Justin Staller) (supply: Borobotics)

The fundraise will assist in the additional growth of the present drilling prototypes into totally fledged drilling methods, able to reliably drilling holes of as much as 250 meters deep – past market depth for shallow geothermal drilling in most nations. With its extremely space- and energy-efficient setup that drills boreholes autonomously, Borobotics goals to make geothermal vitality significantly extra accessible, less complicated and cost-effective.

“Geothermal warmth pumps are nice, however costly. Borobotics has developed a brand new expertise platform to dramatically carry down the fee and complexity of shallow geothermal drilling. UGV is happy to guide the corporate’s first fairness spherical, and is trying ahead to working with the workforce to redefine the economics of shallow geothermal,” mentioned Torsten Kolind, Managing Associate at Underground Ventures.

Drill head with 3 reamers to increase drill diameter to 136mm (supply: Borobotics)

“Borobotics completely aligns with our imaginative and prescient of supporting essentially the most promising Swiss Deep Tech startups. Their revolutionary geothermal resolution addresses a important want for the vitality transition, providing superior efficiency at a compelling worth. We’re thrilled to assist their journey!” added Wanja Humanes, CEO & Managing Associate at Kickfund.

Supply: E mail correspondence

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