Zurich-based startup 4QT has closed a CHF1.9 million pre-seed funding round led by Unruly Capital. 4QT is now setting the stage for the first commercial demonstration of high-performance, carbon-neutral drives for the hard-to-abate construction industry and heavy machinery.
“The heavy machinery industry, a significant and hard-to-abate contributor to global CO2 emissions, is at a pivotal juncture. 4QT's efficient electrification approach offers both environmental benefits and a strategic advantage in this evolving sector”, says Marc M. Vetter, Technical Co-Founder and CEO of 4QT. “4QT is committed to a vision where advanced electric drive technology propels both environmental sustainability and economic efficiency, serving the needs of our industry partners.” The startup specializes in high-power drives for heavy equipment. Next to CEO Vetter, an MIT-trained powertrain expert, the core team includes a manufacturing veteran from RollsRoyce and Rocketsan and a former global product lead at construction giant Hilti. Their advisory board boasts experienced minds from SpaceX, Wacker Neuson, and Rimac.
After closing a pre-seed funding round of CHF1.9 million, the startup is now setting the stage for the first commercial demonstration of high-performance, carbon-neutral drives for the hard-to-abate construction industry and heavy machinery. The round was led by Unruly Capital, a new investment firm curating companies at the frontiers of what's possible today, the round further included Tiny Supercomputer Investment Company, Climate Capital and Ciri Ventures. Proceeds will be used towards the first commercial demonstration of the high-performance, carbon-neutral drives for the construction industry and heavy machinery.
“Electrification is happening faster than most people would expect and will touch many areas that people deemed too hard to electrify. The team at 4QT saw this and was able to act early positioning themselves as a key player in electrifying heavy machinery. We love bold and ambitious teams with stringent courageous visions, of a more sustainable, yet commercially viable future. So it was a perfect match for Unruly to lead this round.” said Stefano Bernardi, Managing Partner at Unruly Capital.
(press release / FR)
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