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Xerotech

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Enabling the Electrification of Non Road Mobile Machinery

Galway, IrelandFounded 2015Transportation
Valuation $250–500M Last recorded · 2024
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 Xerotech and the history behind them.

About Xerotech

Xerotech is a battery technology company from Galway, Ireland, focused on the electrification of non-road mobile machinery (NRMM). The company was established in 2015 by Dr. Barry Flannery, who developed the initial concepts while completing his PhD in mechanical engineering at NUI Galway. Flannery's research into battery heating and cooling led to a novel approach to thermal management, which became a cornerstone of the company's technology. Starting in his parents' garden shed, he grew the company into a significant operation with a large facility and over 130 employees.

The company's primary market is original equipment manufacturers (OEMs) in sectors like construction, agriculture, mining, and marine industries. These markets are characterized as low-volume, high-diversity, meaning they produce many different types of machines in relatively small quantities, making traditional, custom-developed battery systems economically unviable. Xerotech addresses this by supplying a configurable battery platform, similar to how diesel engines are available off-the-shelf in various sizes. Its business model revolves around selling these high-voltage lithium-ion battery packs directly to equipment manufacturers. In February 2025, liquidators were appointed to the company following a fire at its premises, which impacted its ability to secure further capital.

Xerotech's core product is the Hibernium® battery platform, a modular and scalable system built around a patented thermal management technology called Xerotherm™. This platform allows for extensive customization, enabling clients to specify energy content, voltage, dimensions, and even the battery cell chemistry. A key selling point is the elimination of design and engineering costs for customers, even for one-off prototypes. The Hibernium system is designed to be cell-agnostic, meaning it can adapt to different battery cell technologies as they emerge. The platform offers a wide range of configurations, scaling from around 10 kWh up to 300 kWh, to suit various applications from small utility vehicles to large mining trucks. This modularity allows the company to produce hundreds of different pack configurations using common tooling and manufacturing processes, reducing lead times.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Galway, Ireland
Employees
39
Open positions
None listed
Dealroom signal
62.5/100
Sub-industry
Energy Storage
Sector
Transportation, Lithium-Ion Batteries, Battery, Sustainable Development Goals, EV Battery Tech, Space Tech, Battery Cells, Energy Tech, EV Battery Production, Climate Tech, ESA, ESA SME
Business model
Manufacturing
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Sep 2024 $48M $194M Undisclosed ↗
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Growth signals

Xerotech website traffic

Latest recorded traffic for Xerotech is 100 monthly website visits, up 66.7% over the last three months. Xerotech's team grew 2.6% over the past year.

Latest monthly visits100 3-month web change+66.7% 1-year team growth+2.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

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

Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
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
2 countries with
team presence
🇮🇪 Ireland90%
🇬🇧 United Kingdom10%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Xerotech 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

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