Leeds company AssetCool seals £10m investment deal to trigger new jobs

Leeds company AssetCool seals £10m investment deal to trigger new jobs

Global investors back Leeds energy tech firm with £10m

AssetCool, a Leeds-based company that helps to tackle grid congestion by increasing the capacity of overhead power lines, has raised £10m in a Series A funding round backed by leading global energy investors. AssetCool addresses one of the most pressing issues in the energy transition – how to boost the capacity of ageing infrastructure to meet the growing demand for electricity. Its advanced coatings improve the performance of overhead lines, i…

Leeds company raises £10m to scale rapid robotic grid upgrade tech - Business Link Magazine

AssetCool, a Leeds-based deep tech company pioneering advanced robotics and coatings for power lines, has raised £10m in a Series A funding round backed by global energy investors. The oversubscribed round was led by Energy Impact Partners (EIP), with participation from Extantia Capital, Taronga Group and existing investor Northern Powerhouse Investment Fund, managed by Mercia Ventures.

Business raises £10m to tackle grid congestion globally

It aims to boost capacity of aging infrastructure to meet growing demand for electricity

AssetCool raises £10 million amid global growth

A Leeds-based energy technology company is preparing to scale up after securing international backing. AssetCool, which develops robotic-applied coatings that boost the capacity of overhead power lines, has raised £10 million in a Series A funding round.  The funding round was led by Energy Impact Partners (EIP), with participation from Extantia Capital…

UK’s AssetCool raises €11.5M in Series A round

Leeds-based AssetCool, a UK company focused on improving overhead power line capacity to address grid congestion, has secured £10M (nearly €11.56M) in an oversubscribed Series A funding round. The UK-based company will use the funds to scale globally and create 15 new jobs in the next 18 months. The round was led by Energy Impact Partners (EIP), with additional participation from Extantia Capital, Taronga Ventures, and existing investor NPIF – M…