Boostheat: One year to go
Boostheat has only one year left: one year to make its ultra-innovative boiler reliable and one year not to go bankrupt. In September 2021, the industrial start-up will have no more cash to finance its activity. Faced with this situation, the company has announced the implementation of a major restructuring plan, "Efficiency 2022", which includes the reduction of more than 40% of its workforce. By 2022, at the end of this plan, the company aims to sell 2000 boilers and generate a positive EBITDA. This objective seems to us to be totally unrealistic.
Boostheat Sas. Boostheat SAS is a France-based company specialized in the manufacturing industry. The Company invents, develops and manufactures boilers, which consume less energy than conventional ones. The Company's boilers emit no particles and contain a heat pump that uses a natural fluid that generates less pollution than conventional electric heat pumps. Additionally, thanks to a built-in hot water tank, its boilers enable users to save water. The Company portfolio includes BOOSTHEAT.20, which combines heat pump and condensing boiler technologies to improve efficiency.
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