L
Luthmore
Battery-enabled electric combi boiler for home heating
About Luthmore
Luthmore is a Wiltshire-based clean technology company developing a zero-emission alternative to the gas combination boiler. Founded in 2022 by former Dyson engineers Craig Wilkinson and Martin Gutkowski, the firm aims to decarbonize home heating with a practical solution for small to medium-sized homes. The founders' engineering background includes work on projects such as Dyson's abandoned electric car program. In January 2026, the company appointed Hervé Dehareng, a former senior innovation director at Dyson, as its chief executive to lead the next growth phase.
The company has developed the Luthmore Boiler, an all-electric, battery-powered system designed as a direct, 'drop-in' replacement for gas combi boilers. It fits in the same space and uses existing radiators and pipework, eliminating the need for disruptive installation works often associated with heat pumps. The unit features an integrated lithium iron phosphate (LFP) battery system which stores electricity from the grid during off-peak hours or from solar panels. This stored energy is then released to deliver high-power hot water (up to 30kW) and central heating (10kW), matching the performance of a traditional gas boiler without requiring a separate hot water tank.
Luthmore's business model targets homeowners, developers, councils, and social housing providers, positioning its product as a lower-disruption and more affordable upfront alternative to heat pumps. While the retail price is expected to be around £4,500, less than a typical heat pump installation, running costs are currently higher than gas boilers due to the price disparity between electricity and gas in the UK. The company has raised £12.4 million in total funding from backers that include housing developers, residential management companies, plumbing groups, and a £1 million investment from the British Business Bank via the South West Investment Fund.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2022
- Headquarters
- United Kingdom
- Employees
- 23
- Open positions
- 1
- Dealroom signal
- 85.7/100
- Industry
- Energy
- Sector
- Energy, Sustainable Development Goals, Climate Tech, Stationary Energy Storage, Green Buildings
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| DEBT✓Debt | Jan 2026 | $1.3M | — | British Business Bank | ↗ |
| SEED✓Equity / VC | Jan 2026 | $7.3M | $29M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for Luthmore is 13K monthly website visits, down 51.9% over the last three months.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later1 investor entered at this stage
British Business Bank
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Luthmore on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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