# Cero Generation funding: rounds and investors > Cero Generation has raised $312M across 2 rounds since 2021. Investors include Santander and Rabobank. Every round with its source. Source: https://millionrounds.com/company/cero-generation (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Funded startup](https://millionrounds.com/companies) # 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 summary Updated 26 Oct 2026 **$312M** raised across 2 rounds since 2021, from 2 sources **$44M** Round **$268M** Debt - **Latest round:** Debt, $268M Jul 2025 - **Step-up i:** 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. 2021 2022 2023 2024 2025 **$44M** Round **$268M** Debt - **First round:** Round, $44M - **Biggest round:** $268M - **Between rounds:** 4.4 years ## The rounds - **Jul 2025** Debt **$268M** *2 new* [Santander](https://millionrounds.com/fund/santander) [Rabobank](https://millionrounds.com/fund/rabobank) Source recorded - **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. - Jan 2021 **$44M** UK share allotment ## Founders and team From Cero Generation's own website: 64 on the team. - **Declan Deasy** Chief Executive Officer - **Kalli Bowyer** Chief Finance Officer - **Kelvin Ewald** Chief Investment Officer - **Marta Sanchez Lopez** Chief Operating Officer - **Martina Flanagan** Chief Development Officer - **Robert Walker** Chief Legal Officer - **Rodrigo Emery** Chief of Staff - **Bruno Inacio** Head of Financial Planning & Analysis - **Eric Elbaz** Head of Development - France - **Iva Jukic** Head of Development - Germany - **Miroslaw Polec** Head of Development - Poland - **Pete Allen** Head of Asset Management - **Raffaele Galata** Head of Development - Italy - **Steven Fearnley** Head of International Tax - **Tadgh Cullen** Head of Energy Storage - **Tom Thornhill** Head of Treasury - **Achim Schlegel** Construction Director - **Aditya Pandey** Analyst 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. **Round** 2021 **Debt** 2025 [Santander](https://millionrounds.com/fund/santander) [Rabobank](https://millionrounds.com/fund/rabobank) ## Everyone who backed them [Santander](https://millionrounds.com/fund/santander) VC firm **1** round [Rabobank](https://millionrounds.com/fund/rabobank) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cero-generation). ## 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. ## Companies like Cero Generation In the same sector, and raised in the last eighteen months. [**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Metris Energy** $7.5M · Sept 2026](https://millionrounds.com/company/metris-energy)[**AcouBatt** $3.0M · Sept 2026](https://millionrounds.com/company/acoubatt)[**SolarSub** $1.8M · Sept 2026](https://millionrounds.com/company/solarsub)[**Nyobolt** $155M · Aug 2026](https://millionrounds.com/company/nyobolt)[**Breathe Battery Technologies** $132M · Aug 2026](https://millionrounds.com/company/breathe-battery-technologies) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app