QPT’s Crowdcube funding round passes one million pound milestone

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QPT’s Crowdcube funding round passes one million pound milestone

QPT, a specialist in developing highly efficient GaN-based electric motor controls, has announced that its Crowdcube funding round has just passed the one million pound milestone. The round closes shortly and details can be found at: https://www.q-p-t.com/investor-overview along with a recording of a recent webinar on the technology. Rupert Baines, QPT’s CEO Rupert Baines, QPT’s…

QPT, a specialist in developing highly efficient GaN-based electric motor controls, has announced that its Crowdcube funding round has just passed the one million pound milestone. The round closes shortly and details can be found at: https://www.q-p-t.com/investor-overview along with a recording of a recent webinar on the technology.

Rupert Baines, QPT’s CEO

Rupert Baines, QPT’s new CEO, said, “QPT has a perfect combination of an amazing technology that can cut the power consumption of electric motors by 10% thereby providing a way to actively help reduce climate change and a management team of veterans of the GaN industry.

“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 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. Our solution is smaller with a significantly lower system cost and saves more energy than rivals according to our studies. I am really excited to be heading a company with a real roadmap to make the world a better place.”

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