Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Dearman technologies

Explore full profile

Dearman is developing a suite of zero-emission technologies, powered by the expansion of liquid air or nitrogen

London, United KingdomFounded 2011Energy
Valuation $100–250M Last recorded · 2016
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Dearman technologies and the history behind them.

About Dearman technologies

Dearman Engine Company Limited operated as a technology firm centered on developing clean 'cold and power' solutions. The company was founded in 2011 by Toby Peters, Michael Ayres, and Jeremy North to commercialize an engine invented by Peter Dearman in his home garage. Peter Dearman, a lifelong engineer with a background in the rail industry, conceived of a piston engine that runs on the expansion of liquid air or nitrogen, drawing inspiration from steam engine principles but without the fossil fuels. His key insight was to inject a heat exchange fluid, like antifreeze, into the cylinder to enable a more efficient, near-isothermal expansion of the cryogenic fluid.

The core of the business was the Dearman Engine, a novel piston engine that harnessed the rapid expansion of liquid nitrogen when vaporized to generate mechanical power and, as a byproduct, significant cooling. The process involved injecting liquid nitrogen into a cylinder, where it mixed with a recycled heat exchange fluid, causing it to boil and expand to over 700 times its liquid volume, driving a piston to produce shaft power. This process was free of point-of-use emissions, releasing only clean air back into the atmosphere. The company's business model focused on developing and licensing this technology for various applications, targeting industrial clients seeking to lower operating costs and emissions.

The primary product developed was a zero-emission Transport Refrigeration Unit (TRU). This unit replaced conventional diesel-powered refrigeration systems on trucks, which are a major source of fuel consumption, noise, and pollutants like NOx and particulate matter. The Dearman TRU used the intense cold from the vaporizing liquid nitrogen for about two-thirds of its cooling capacity, while the engine's power drove a conventional vapor compression refrigeration cycle for the remainder, and powered ancillary systems like fans. This dual-use made it highly efficient, offering faster temperature pull-down times and quieter operation compared to diesel units. The company partnered with Hubbard Products to develop and bring these TRUs to market, initiating commercial trials with major retailers like Sainsbury's, Marks & Spencer, and Unilever. Other potential applications being explored included auxiliary power for buses and backup power generators for buildings.

Despite raising over £10.5 million in private equity and receiving grants from Innovate UK, the company faced financial difficulties. In late 2019, Dearman Engine Company Limited entered administration due to cash-flow issues and significant debt accrued during its development phase. The business and its assets were subsequently sold in early 2020.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2011
Headquarters
London, United Kingdom
Employees
14
Open positions
None listed
Dealroom signal
0.0/100
Industry
Energy, Semiconductors
Sector
Energy, Sustainable Development Goals, Cooling Tech, Climate Tech, Semiconductor Designers and Manufacturers, uk is8 digital and technologies
Business model
Manufacturing
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Aug 2017 $0 — Engineering and Physical Sciences Research Council · Advanced Propulsion Centre UK ↗
EARLY VC✓Equity / VC Jan 2016 $21M $84M Park Vale Capital —
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

Dearman technologies website traffic

Latest recorded traffic for Dearman technologies is 280 monthly website visits, up 115.4% over the last three months. Dearman technologies's team grew 27.3% over the past year.

Latest monthly visits280 3-month web change+115.4% 1-year team growth+27.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Engineering and Physical Sciences Research Council
  • Advanced Propulsion Centre UK

Series A1 investor entered at this stage

  • Park Vale Capital
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇬🇧 United Kingdom100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Dearman technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Dearman technologies’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.