# AssetCool: Mechanical or industrial engineering, Leeds, United Kingdom

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

Source: https://millionrounds.com/startup/assetcool (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Mechanical or industrial engineering startup](https://millionrounds.com/companies)

# AssetCool

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

Funding reported Last round: Series A

Mechanical or industrial engineering Leeds, United Kingdom

Company summary

- **Founded:** 2016 10 years old
- **Team:** 64 51 to 200 people
- **Funding reported:** 13.7M as listed, currency not stated
- **Last round:** Series A Aug 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for AssetCool has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## 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 all **13.7M** in the source's currency

Rounds **1**

Last round **Series A**

Last round size **13.2M**

Last round date **Aug 2023**

Investors listed **5**

## Founders and team

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

**Dr Niall Coogan** Co-Founder & CEO

- **Johanna Horz** Chief of Staff
- **Dr Arpys Arevalo** Head of Engineering
- **Dr Oliver Higbee** Head of Application Engineering
- **Dr Rachel Parker** Head of Chemistry
- **Eshel Lipman** VP of Business and Corporate Development
- **Jasmin Stewart** Head of People
- **Michael Hall** Head of Operations
- **Prashant Julka** VP of Contracts and Strategic Partnerships
- **Winter Wilson** Head of Marketing
- **David Cook** Finance Director

## On 2 portfolio pages

Investors who name them

- [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners)
- [Kero Development Partners](https://millionrounds.com/fund/kero-development-partners)

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 mitigation wet audible noise mitigation construction & engineering distribution manufacturing research development electric power generation power line surface modification environmental resistance utilities power grid information technology & services capacity increase power grid optimization site services renewables & environment

Built with from their website

NetSuite Google Cloud CDN Radar Google Tag Manager cdnjs Planne Priority Hints React Cross Pixel Media 3M 360 Encompass - Health Analytics Suite

+8 more

Autodesk Fusion 360 Sigma HSTS PressMaximum Customify IQMS Microsoft Exchange Nginx Google 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](https://millionrounds.com/directory/assetcool)

## Mechanical or industrial engineering in United Kingdom

Startups like it

- [**Isembard** London · founded 2024 *Raised*](https://millionrounds.com/company/isembard)
- [**Humanoid** London · founded 2024](https://millionrounds.com/startup/humanoid-4)
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- [**Lick** London · founded 2019](https://millionrounds.com/startup/lick-2)
- [**Sertec Group Ltd** Coleshill · founded 1962](https://millionrounds.com/startup/sertec-group-ltd)
- [**Vsim** Altrincham · founded 2022](https://millionrounds.com/startup/vsim)
- [**Den** London · founded 2013](https://millionrounds.com/startup/den)
- [**Envirogen Group** Alfreton · founded 1996](https://millionrounds.com/startup/envirogen-group)

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