Funding

November 2025 Leeds, UK ​ AssetCool, a company developing the technology to robotically upgrade overhead transmission lines, has been awarded £950,000 through Innovate UK Investor Partnerships Programme to broaden its ambitious portfolio of grid robotics innovations. ​ The project will enable AssetCool to transform the way utilities deploy, operate, and maintain transmission infrastructure by driving down the cost and complexity of getting fleets of robots on overhead lines.​

September, 2025 Leeds, United Kingdom ​ AssetCool, a UK-based deep tech company that has developed advanced robotics and photonic coatings for power lines, has announced that Elewit, the technology platform of Redeia (Spain’s transmission system operator), has joined its Series A funding round as a strategic investor. ​ The £10 million round, led by Energy Impact Partners (EIP) with participation from Extantia Capital, Taronga Group, and Mercia Ventures, now includes Elewit a

25th July, 2024 Leeds, United Kingdom ​ AssetCool, a leader in the development of photonic and functional coatings for overhead transmission and distribution lines, is thrilled to announce it has secured £500,000 in funding from the Innovate UK Smart Grant 2024. This grant will be used to accelerate the development of the next generation of in-situ coating robots, enhancing the application of coatings that provide capacity enhancing, anti-corrosion, ice accretion, and corona

June, 2025 Leeds, United Kingdom ​ AssetCool, a deep tech company developing advanced robotics and coatings for power lines, has raised £10M in an oversubscribed Series A round. The round was led by Energy Impact Partners (EIP), with backing from Extantia Capital, Taronga Group, and existing investor Northern Powerhouse Investment Fund (via Mercia Ventures). Kero Development Partners and Northern Gritstone also joined the round. ​ “We are laser-focused on doing the hard yards