Leeds company AssetCool seals £10m investment deal to trigger new jobs
Summary
AssetCool raised £10m in a Series A round led by Energy Impact Partners with participation from Extantia Capital, Taronga Ventures, and existing backers. The Leeds-based company builds robotic coating technology that increases the capacity of overhead power lines and helps utilities address grid congestion. The new capital will support global expansion and headcount growth from 20 to 70 employees over the next two years. The company already serves utilities around the world and wants to scale its grid-upgrade solution faster across energy markets.
Funding
Amount
$12.7M
Total raised
Date
July 3, 2025
Announcement date
Investors
Mercia Fund Management Ltd, British Business Bank, Taronga Ventures, The University of Manchester, Northern Powerhouse Investment Fund, Kero Development Partners
Lead investors
Company
assetcool.com
Funded company
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