He has taken the helm at cleantech company Luthmore which has raised millions in the three years since its founding
Herve Dehareng has joined Luthmore as CEO(Image: Luthmore)
A former Dyson director who was involved in the global roll-out of the tech giant’s hand dryer and bladeless fan has become the chief executive of a Wiltshire cleantech start-up.
Herve Dehareng is the new boss of Luthmore, a Chippenham-headquartered business that has developed a zero-emission alternative to the gas combi boiler.
Mr Dehareng spent nearly two decades at Dyson including as director of operations. His career also includes a stint at Accenture, as well as work on major product launches including Oral-B Pulsar and Gillette Fusion5.
“I want to make the Luthmore boiler the Electric Vehicle equivalent for home heating within three years,” said Mr Dehareng.
The battery-enabled Luthmore boiler was invented by two ex-Dyson engineers in Chippenham to solve the challenge of replacing gas combi boilers in small-to-medium homes.
Designed to fit within the same space as an existing combi boiler, the system delivers hot water at up to 30kW and central heating at 10kW, without the need for radiator upgrades.
It uses battery technology to store off-peak electrical energy and release it during peak hours, and can also integrate with solar to support fully electric hot water and heating, according to the company.
In the three years since its founding, Luthmore has raised £12.4m in investment. It is understood the most recent raise – a £5.5m round – will be used to support the next phase of growth and expansion across the UK.
Investors include large housing developers, residential management companies, as well as high-net-worth individuals and plumbing agencies.
The latest funding round also includes a £1m investment from the British Business Bank via the South West Investment Fund delivered through the FSE.
Ralph Singleton, head of equity South West at The FSE Group, said: “With clear regulatory tailwinds such as the Future Homes Standard (2026), a defensible patent portfolio, strong early traction with developers and installers, and a scalable manufacturing plan, we see a compelling near-term pathway for Luthmore to help households cut bills and emissions.
“We’re delighted to back a team with exceptional product pedigree as they scale a category defining British technology.”
Mr Dehareng said Luthmore would also help the government meet is decarbonisation targets.
“The significant investment of well over £12m into Luthmore over the past three years demonstrates that the sector hungry for innovative new solutions to support the diverse needs of the UK housing stock,” he added.