Leeds-based AssetCool, a DeepTech company, raised €11.5 million in a Series A funding round to scale its proprietary robotics technology globally.
The funding round was oversubscribed and led by Energy Impact Partners, with participation from other investors including Extantia Capital and Taronga Group.
AssetCool focuses on innovating robotics and coatings for power lines, aiming to enhance grid efficiency and resilience.
The company's technology increases power line capacity through the application of thermal-management nanomaterials, offering a cost-effective solution to address grid congestion.