The Dundee-based startup has raised £150k from the British Design Fund to accelerate product development and enter new markets.
"When I saw the statistic I was shocked and the more I looked into it the more I saw the potential for solar heating to solve the problem. But there were many design challenges to overcome, if we were to make a solution that was both accessible and affordable. We knew that any technology we produced had to not only work successfully in different climates but also be very easy to transport and fit."
KKR and Infracapital have taken joint majority stakes in the battery storage specialist.
"Securing substantial further equity is a significant vote of confidence in our business, its achievements to date and future aims. KKR provides Zenobē with a leading international strategic partner to support our expansion plans into North America, Europe and Australasia and other markets. It supports our ability to raise further debt funding for these plans. It is also an acknowledgement that boosting battery storage and clean transport is just common sense to help us reach net zero."
The financing round was co-led by World Fund and CPT Capital to help scale sustainable protein production in Europe.
"Our strides in launching the new factory in the Netherlands and expanding collaborations across the UK and Europe have been significant. This fresh funding will drive accelerated growth."
Oxford Innovation Finance's Angel Network backed the round, which will fund technology development and commercial pilots.
"As global temperatures rise and many parts of the world have recorded their hottest summers yet in 2023, there is an increasing need to find net zero cooling solutions to regulate temperatures in indoor environments. Our proprietary smart coating technology can make a significant impact as a sustainable, low carbon solution for temperature regulation. This latest investment will help us to propel our technology development, scale up manufacturing capabilities and complete commercial pilots that will allow us to bring our first products to market within the next two years."
The Series A round was co-led by S2G Ventures and SOUNDwaves to support commercial expansion and technology scaling.
"The combined support and expertise of our investors enables us to accelerate our work, moving beyond laundry into industrial-scale applications of our technology, and drive globally meaningful reductions in micropollutant emissions with confidence and speed."
