Xerotech
Latest round
- Seed
Last raised
- Feb 2025
Total raised
- $31M
Investors
- 2
About Xerotech
Founded in 2015 in Galway, Ireland, Xerotech specializes in advanced battery technology, particularly for off-highway vehicles.Xerotech specializes in the development of advanced battery systems, primarily their flagship Hibernium® platform, designed for off-highway vehicle original equipment manufacturers (OEMs). This innovative battery platform is configurable and scalable, allowing clients to select specific configurations concerning energy content, operating voltage range, and battery chemistry without incurring non-recurring engineering costs. Hibernium® is particularly suited for low-volume and high-diversity vehicle OEMs, enabling customized short series and one-off prototyping projects. The platform's multi-pack functionality allows up to 40 packs to operate in unison, producing an impressive total of up to 12 MWh of energy per system.Xerotech generates revenue through direct sales of its Hibernium® battery systems to OEMs and integrators in various industries. The transaction structure typically involves business-to-business (B2B) partnerships, where clients procure battery systems tailored to their specifications and operational needs. The firm's revenue model is bolstered by strategic collaborations within the mining sector, as evidenced by their partnership with EPCA to electrify heavy machinery like the CAT 777 truck. Clients benefit from bespoke solutions that align with their unique requirements in electrification, allowing for flexible pricing and terms based on system configuration. Specific markets targeted for expansion include key regions in Europe and North America, with a focus on growing their presence in the mining and construction sectors by 2026.
Who invested in Xerotech
2 investors across 1 round
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Funding rounds
Seed
Feb 18, 2025
Amount
$31M
Investors
Questions about Xerotech
Who invested in Xerotech?
Xerotech has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Xerotech raised?
Xerotech has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Xerotech last raise money?
Xerotech's most recent round on record is a Seed, in Feb 2025.
What does Xerotech do?
Founded in 2015 in Galway, Ireland, Xerotech specializes in advanced battery technology, particularly for off-highway vehicles.
Where is Xerotech headquartered?
Xerotech is headquartered in Galway, Ireland.
Which VCs invest in companies like Xerotech?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Balderton Capital back energy storage & batteries companies at Xerotech's stage. Their profiles are linked below.
VCs backing energy storage & batteries startups at Seed
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