Xerotech Ltd

Xerotech develops innovative battery systems, focused on advanced solutions for off-highway vehicle OEMs, enhancing electrification in various industries through their customizable Hibernium® platform. Founded in 2015 in Galway, Ireland, Xerotech specializes in advanced battery technology, particularly for off-highway vehicles. The company has secured a total of EUR 30. 00 mn in funding, with the latest round being a Seed funding of EUR 30.

00 mn raised on February 18, 2025, from Enterprise Ireland and the European Investment Bank. The founder's background information is not available, but the company appears to have established its focus on battery systems without notable pivots. 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 primarily services markets in Europe, North America, and Asia, catering to industries such as mining, construction, and agriculture, where there is a growing demand for electrification and sustainability. 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. The company actively engages with industry leaders and participates in initiatives, such as joining the Global Mining Guidelines Group, to further expand its market reach and enhance its service offerings.

In February 2025, Xerotech raised EUR 30. 00 mn in Seed funding to expand mass-volume scale and multiple production facilities. The company plans to leverage this funding to design and launch new battery products aimed at increasing their market share. 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.