What is Zero Industrial?
Zero Industrial is at the forefront of industrial decarbonization, specializing in the development of projects that eliminate fossil fuel combustion for heat and steam. The company employs advanced thermal energy storage technologies, offering a comprehensive end-to-end solution encompassing design, engineering, project execution, and delivery. Customers benefit from a Heat-as-a-Service model, requiring no upfront capital investment, as Zero Industrial sells the generated heat under agreement. The company is actively expanding its project development pipeline across the United States and Canada, with strategic considerations for international markets.
How much funding has Zero Industrial raised?
Zero Industrial has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2025): $10M with participation from Evok Innovations and Rusheen Capital Management
Key Investors in Zero Industrial
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry, partnering with entrepreneurs to scale transformative technologies in energy and industrial optimization.
Rusheen Capital Management
Rusheen Capital Management focuses on investment and project development for sustainable technologies, aiming to create a carbon-to-value economy with involvement in CCUS, renewable energy, and biofuels.
What's next for Zero Industrial?
The recent major strategic investment signals a critical growth phase for Zero Industrial, likely enabling the acceleration of project development and the expansion into new geographical markets. This capital infusion is expected to bolster the company's capacity to secure and execute larger-scale industrial decarbonization initiatives. The focus on a Heat-as-a-Service model, coupled with significant backing, positions Zero Industrial to capture a substantial share of the industrial heat market, driving the transition towards cleaner energy solutions in heavy industry.
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