United Kingdom · Funded startup

Who invested in Cero Generation

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Funding summaryUpdated 26 Oct 2026

$312Mraised across 2 rounds since 2021, from 2 sources

$44MRound$268MDebt
Latest round
Debt, $268MJul 2025
Step-upi
6.1×
Investors
2
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20212022202320242025
$44MRound$268MDebt
First round
Round, $44M
Jan 2021
Biggest round
$268M
Debt · Jul 2025
Between rounds
4.4 years
from the last two

The rounds

  1. Jul 2025
    Debt$268M2 new

    Source recorded

  2. Jan 2021
    Round$44M

    No investor was named in the report.

    Shares issued, filed with Companies House (SH01); no report of this raise yet

Funding filed with regulators

Cero Generation filed one raise, $44M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Jan 2021$44MUK share allotment

Founders and team

From Cero Generation's own website: 64 on the team.

  • Declan DeasyChief Executive Officer
  • Kalli BowyerChief Finance Officer
  • Kelvin EwaldChief Investment Officer
  • Marta Sanchez LopezChief Operating Officer
  • Martina FlanaganChief Development Officer
  • Robert WalkerChief Legal Officer
  • Rodrigo EmeryChief of Staff
  • Bruno InacioHead of Financial Planning & Analysis
  • Eric ElbazHead of Development - France
  • Iva JukicHead of Development - Germany
  • Miroslaw PolecHead of Development - Poland
  • Pete AllenHead of Asset Management
  • Raffaele GalataHead of Development - Italy
  • Steven FearnleyHead of International Tax
  • Tadgh CullenHead of Energy Storage
  • Tom ThornhillHead of Treasury
  • Achim SchlegelConstruction Director
  • Aditya PandeyAnalyst

And 46 more on the team.

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Round2021Debt2025SantanderRabobank

Everyone who backed them

SantanderVC firm1round
RabobankCorporate VC1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Cero Generation

Who invested in Cero Generation?

Cero Generation's investors include Santander and Rabobank.

How much has Cero Generation raised?

Cero Generation has raised $312M across 2 rounds since 2021.

When did Cero Generation last raise?

Cero Generation's most recent round was a Debt of $268M in Jul 2025.

What was Cero Generation's biggest round?

Its most recent round, $268M in Jul 2025, is also its largest on record.

Who backed Cero Generation first?

Cero Generation's first round on record, in Jul 2025, was backed by Santander and Rabobank.

What stage is Cero Generation at?

Cero Generation's latest named round is a Debt, in Jul 2025.

Where is Cero Generation based?

Cero Generation is based in the United Kingdom.

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