Gasbot fast tracks development with fast reliable R&D finance

With consistent quarterly R&D finance, Gasbot has been able to fast-track product development, accelerate innovation and scale globally. Here’s how this Australian scale-up made R&D finance simple and impactful.

About Gasbot

Gasbot delivers IoT hardware and cloud software that helps LPG and agriculture businesses monitor liquids remotely, reducing logistics and maintenance costs by up to 35%.

Company size: 10-20 employees

Industry: IoT / Industrial Technology

Location: Australia (HQ), with operations across New Zealand, Europe, North and South America, and the UAE

Before working with Advanced

Gasbot invests significantly in R&D to stay ahead. But relying on annual tax refunds and slow funding solutions made it difficult to maintain momentum. With the average ATO refund time of 90+ days, Gasbot had tried working with other R&D finance providers to access their refund sooner. But, lengthy delays and admin-heavy processes drained time and created unnecessary stress for the team.

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Why Gasbot looked for help

Gasbot needed:

• A reliable finance partner that could match quarterly R&D cycles
• Faster access to capital to reduce development delays
• A seamless process that worked with their R&D adviser
• A high-trust, low-admin relationship

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Gasbot’s decision-making criteria

Gasbot chose Advanced for:

• Fast, consistent quarterly advances – finance provided within days
• Clear communication and personalised support
• A simple process that reduced admin for Gasbot’s small finance team
  

After working with Advanced

Advanced’s fast R&D finance now delivers capital to Gasbot within about 48 hours each quarter, compared to 8-week waits they’d faced elsewhere in the past.

This has helped Gasbot invest in R&D more consistently, shorten product development cycles, bring products to market faster and ease pressure on their lean finance team. They’re also accessing a funding source that gives them a direct return on investment to help build their capital flywheel.

In their words

“When you know you’ve got funding there, you can get R&D done quicker and get to market quicker – shortening your product development life cycle – so you’re generating income quicker. It’s a huge win for us. If we didn’t have it, it would be a problem. We’d get big dollops of cash once a year, and it would be challenging to keep R&D staff and do as much R&D.”
- Scott Goodwin, CFO and COO of Gasbot

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