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Robotic manufacturing firm receives £500,000 investment from Maven

Joe Bevan
Authored by Joe Bevan
Posted: Thursday, December 5, 2024 - 10:53

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

Q5D Technologies, a leader in robotic additive manufacturing, has received £500,000 from Maven as part of a larger £2m investment round aimed at revolutionising 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. This approach delivers a faster, more efficient, and cost-effective alternative to traditional manual methods, addressing industry demands for smarter manufacturing.

Q5D’s platform has already drawn significant interest from major global players, including some of the largest wiring harness manufacturers and innovative automotive leaders.

In addition to scaling production, the funding will support the roll-out of Q5D’s Hardware as a Service (HaaS) contracts and the expansion of its Technology Assessment Centre in Portishead. This hub enables clients to test and refine Q5D’s solutions in real-world applications, further cementing the company’s position as a pioneer in advanced automation.

The funding positions Q5D to meet growing market demand, helping industries reduce costs, enhance product quality, and transition to more sustainable and connected manufacturing processes.

Stephen Bennington, CEO of Q5D Technologies, said: "We’re delighted to partner with Maven and the South West Investment Fund. Their advice and capital are instrumental in driving our growth. With strong customer interest, scaling our business development and support teams is a critical next step."

Melanie Goward, partner at Maven Capital Partners, commented: "We’re thrilled to support Q5D Technologies as they scale. Their innovative approach to additive manufacturing, combined with strong early traction among global industry leaders, places them in an excellent position for growth. We look forward to working with Stephen and the team as they bring their technology to major markets like automotive and aerospace."

Lizzy Upton at the British Business Bank added: "We’re excited to support Q5D as they bring cutting-edge technology to market. The South West Investment Fund exists to foster innovation in the region, and Q5D’s pioneering solutions are set to make a significant impact on manufacturing both locally and globally."

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