Prime Highlights

• QLM Technology secures £1 million in funding as part of a £3.5 million round to expand its methane monitoring technology.
• The company’s quantum lidar camera can detect, locate, and measure methane in real time, helping industries reduce greenhouse gas emissions.

Key Facts

• The funding will support product development, software improvements, and industrial applications while expanding partnerships and market reach.
• QLM’s technology serves industries including oil and gas, utilities, wastewater, waste, and biogas, providing cost-effective and continuous monitoring.

Background

Torbay-based QLM Technology, operating from the EPIC Centre, has successfully secured £1 million in equity funding from the South West Investment Fund through its appointed fund manager, The FSE Group. This funding is part of a larger £3.5 million round to help QLM expand and improve its methane monitoring technology.

Methane is a strong greenhouse gas, and tracking it is important to fight climate change. With new global rules for reporting emissions, QLM’s technology provides an easy and effective way to do this.

QLM’s quantum lidar camera can find, measure, and locate methane from a distance quickly and accurately. It continuously monitors methane in real time and is affordable for industries such as oil and gas, utilities, wastewater, waste, and biogas.

The funding will help QLM improve its software and industrial tools and expand its partnerships and market reach.

Paul Hughes, CEO of QLM, said, “We’re delighted to receive this investment, which will help us accelerate development and expand deployment of our lidar-based methane detection systems. Our mission is to give operators the tools to detect and prevent methane emissions quickly, accurately, and cost-effectively, contributing to global net-zero goals.”

Ralph Singleton, Head of Equity South West at FSE, added, “QLM has developed a world-class, IP-protected technology with a strong management team. Their solution addresses a clear and growing global need, and we’re proud to support a company that is commercially strong while contributing to tackling climate change.”

Paul Jones, Senior Investment Manager at the British Business Bank, commented, “This investment highlights the South West Investment Fund’s role in supporting the region’s most innovative businesses.QLM’s advanced technology can help cut methane emissions and boost the South West as a centre for clean-tech innovation.

This investment will allow QLM to help industries meet environmental rules while supporting growth, innovation, and creating skilled jobs in the region.