United Kingdom · Mechanical or industrial engineering startup

AssetCool

AssetCool is a UK-based deep-tech company founded in 2016, specializing in advanced photonic coatings and robotic application systems.

Funding reportedLast round: Series A

Mechanical or industrial engineeringLeeds, United Kingdom

About AssetCool

AssetCool is a UK-based deep-tech company founded in 2016, specializing in advanced photonic coatings and robotic application systems.

These innovations are designed to passively cool overhead power lines, enhancing grid transmission capacity by up to 30% without the need for replacing cables or upgrading towers. The company aims to accelerate the energy transition by addressing grid congestion through its cutting-edge technology. The team at AssetCool consists of skilled engineers and scientists with expertise in robotics, materials science, power systems, and chemistry. Their core offerings include specialized photonic coatings that reflect sunlight and emit heat, as well as modular robotic systems that retrofit live electrical lines with these coatings. This approach not only reduces energy losses but also lowers infrastructure upgrade costs significantly and extends the life of existing assets. AssetCool collaborates with utilities, industry leaders, and government entities to improve grid resilience and efficiency. Their technology has been deployed across various regions, including Canada, South Asia, and Europe, making a positive impact on the energy sector.

What company datasets say AssetCool raised

Funding, as reported

Reported in all13.7Min the source's currency
Rounds1
Last roundSeries A
Last round size13.2M
Last round dateAug 2023
Investors listed5

Founders and team

From AssetCool's own website: 1 founder, 10 on the team.

Dr Niall CooganCo-Founder & CEO
  • Johanna HorzChief of Staff
  • Dr Arpys ArevaloHead of Engineering
  • Dr Oliver HigbeeHead of Application Engineering
  • Dr Rachel ParkerHead of Chemistry
  • Eshel LipmanVP of Business and Corporate Development
  • Jasmin StewartHead of People
  • Michael HallHead of Operations
  • Prashant JulkaVP of Contracts and Strategic Partnerships
  • Winter WilsonHead of Marketing
  • David CookFinance Director

On 2 portfolio pages

Investors who name them

Each firm lists AssetCool on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

corrosion mitigationwet audible noise mitigationconstruction & engineeringdistributionmanufacturingresearch developmentelectric power generationpower line surface modificationenvironmental resistanceutilitiespower gridinformation technology & servicescapacity increasepower grid optimizationsite servicesrenewables & environment

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NetSuiteGoogle Cloud CDNRadarGoogle Tag ManagercdnjsPlannePriority HintsReactCross Pixel Media3M 360 Encompass - Health Analytics Suite

+8 more

Autodesk Fusion 360SigmaHSTSPressMaximum CustomifyIQMSMicrosoft ExchangeNginxGoogle Cloud Load Balancing

Sector
Mechanical or industrial engineering
Industry code
NAICS 22111, 333248, 325510, SIC 3645
Region
England
Revenue
8.5M a year, as listed
Full record
Every detail in the company directory

Mechanical or industrial engineering in United Kingdom

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