ZOEX Secures £531k Funding to Propel Clean Tech

Deal News | Jun 01, 2025 | Scottish Enterprise

Aberdeen-based ZOEX Ltd, the UK’s first female-founded wave energy company, has secured a significant investment of £531,000 to bolster its breakthrough clean technology endeavors. The funding round includes contributions from Equity Gap, a leading angel investment group in Scotland, The University of Strathclyde, and Scottish Enterprise. This financial boost marks a pivotal moment for the pioneering company as it strives to advance its unique contribution to the renewable energy sector, showcasing the potential of wave energy as a clean and sustainable power source.

Sectors

Renewable Energy
Venture Capital

Geography

United Kingdom – The context and participants, including ZOEX Ltd and Scottish Enterprise, are UK-based, highlighting the region's involvement in renewable energy innovation.
Scotland – Specific focus on Scottish entities such as Equity Gap and Scottish Enterprise, emphasizing Scotland’s role in supporting energy innovations.

Industry

Renewable Energy – The industry is relevant as the article discusses ZOEX Ltd, which is involved in wave energy technology, a sector within renewable energy.
Venture Capital – The industry is pertinent as the article involves investment and funding from angel investment syndicates and enterprise organizations.

Financials

£531,000 – The total funding amount secured by ZOEX Ltd from investors including Scottish Enterprise, Equity Gap, and The University of Strathclyde.

Participants

Name	Role	Type	Description
ZOEX Ltd	Target Company	Company	The UK’s only female-founded wave energy company based in Aberdeen, involved in renewable clean technology.
Scottish Enterprise	Investor	PE Firm	Scotland’s national economic development agency that invests in businesses and social enterprises across Scotland.
Equity Gap	Investor	Company	A leading angel investment syndicate based in Scotland, participating in the funding round for ZOEX Ltd.
The University of Strathclyde	Investor	Company	An educational institution in Scotland that has provided investment as part of the funding for ZOEX Ltd.