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British robotics company AssetCool raises €11.5 million to scale rapid robotic grid upgrade technology globally

  • 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.

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