At GET Fund, we are committed to supporting transformative companies that drive the transition to a more sustainable world. That’s why we recently invested in Vamo, a trailblazing startup focused on unlocking the full potential of heat pump technology. Our decision to invest stems from Vamo’s innovative approach to overcoming the key barriers in the heating market and their potential to reshape the energy landscape.

The Problem: Why Heat Pump Adoption is Lagging

Heat pumps hold immense promise in the fight against climate change. According to the International Energy Agency (IEA), they could reduce global carbon emissions by as much as 500 million tonnes by 2030. Yet, despite their significant benefits, widespread adoption remains sluggish due to several barriers:

> Complex Installation Process: Heat pumps are difficult to install, often requiring lengthy processes complicated by supply chain challenges and inconsistent service providers. These hurdles deter many consumers from making the switch.

> High Upfront Costs: Although heat pumps generate long-term energy savings, the initial costs can be a major obstacle for homeowners, creating a perception of financial risk.

> Maintenance and Performance Issues: Without proper monitoring, heat pumps can underperform, reducing their efficiency and lifespan, further discouraging homeowners from adoption.

> Grid Strain: Since heat pumps run on electricity, scaling up their adoption can put additional pressure on energy grids, necessitating costly upgrades and infrastructure expansion.

Vamo’s Solution: Making Heat Pumps Accessible and Affordable

Vamo is tackling these issues head-on through a holistic and innovative business model that simplifies the process of switching to heat pumps and ensures their long-term efficiency. Here’s how:

> HeatOS Platform and Heat Fleet™ Network: Vamo’s proprietary HeatOS software platform streamlines the entire customer journey, from consultation to installation and beyond. Through its Heat Fleet™ network, Vamo continuously monitors and optimizes heat pump performance, ensuring maximum efficiency and reduced energy costs for homeowners.

> Streamlined Installation: Vamo has drastically shortened installation times to under 30 days, eliminating the logistical challenges that typically slow down heat pump adoption.

> Cost Savings and Grid Efficiency: By connecting each heat pump to its Heat Fleet™ system, Vamo optimizes energy use across homes, stabilizing the grid and reducing the need for costly upgrades. This not only benefits the grid but also lowers energy bills for consumers, making heat pumps an attractive financial option.

As Dr. Jan Ossenbrink, Vamo’s co-founder and CEO, explains: “We’re making the switch to heat pumps a no-brainer for homeowners by removing the cost, complexity, and risk associated with the process.”

Why GET Fund Invested in Vamo

Our investment in Vamo is driven by their strong alignment with our mission: supporting high-growth, high-impact solutions that foster a sustainable energy future. We’ve seen the potential for rapid growth in this sector from our experience with other companies, such as sonnen, and we believe Vamo has the potential to achieve similar success.

The heating sector is undergoing a significant shift, and Vamo is well-positioned to capitalize on this momentum. We are confident in Vamo’s ability to achieve meaningful scale. The company’s vision, coupled with their innovative technology, makes them a prime candidate for market leadership in the heating sector.

Recent trends in the market, such as the acquisition of Viessmann by Carrier and sonnen by Shell, suggest a promising exit landscape for companies like Vamo that are transforming the energy space.

A Greener Future: Vamo’s Role in Decarbonizing Heating

The heating sector is a major contributor to global carbon emissions, and scalable solutions are essential to achieving international climate goals. Vamo’s approach goes beyond just technology—it integrates environmental impact with economic viability. By making heat pumps more accessible, efficient, and cost-effective, Vamo is playing a critical role in reducing carbon emissions and making green heating the new standard.

By investing in Vamo, the GET Fund is not only supporting a high-growth start-up but also contributing to the global effort to decarbonize residential heating. We are excited to be part of Vamo’s journey as they revolutionize the market and pave the way for a future where sustainable heating is the norm.

Together, we are building a cleaner, smarter energy grid, where heat pumps are accessible to all and environmental impact is matched by financial success.