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ZeroLight

zerolight.com

Founded Year

2012

Stage

Series B | Alive

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+100 points in the past 30 days

About ZeroLight

ZeroLight is a technology platform specializing in high-fidelity, highly interactive visualizations. The company designs, builds and powers engaging interactive solutions ranging from virtual showrooms and virtual reality experiences to augmented reality and visualization apps.

Headquarters Location

55-57 Quayside Newcastle upon Tyne

Tyne and Wear, England, NE13ED,

United Kingdom

+44-(0)-191-485-0505

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Expert Collections containing ZeroLight

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ZeroLight is included in 3 Expert Collections, including AR/VR.

A

AR/VR

1,370 items

E

E-Commerce

9,879 items

S

Store management tech (In-store retail tech)

1,522 items

Startups aiming to work with retailers to improve brick-and-mortar retail store operations.

ZeroLight Patents

ZeroLight has filed 1 patent.

The 3 most popular patent topics include:

  • Antennas (radio)
  • Ballistics
  • Firearm components
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/24/2017

7/2/2019

Firearm sights, Light machine guns, Firearm components, Ballistics, Antennas (radio)

Grant

Application Date

10/24/2017

Grant Date

7/2/2019

Title

Related Topics

Firearm sights, Light machine guns, Firearm components, Ballistics, Antennas (radio)

Status

Grant

Latest ZeroLight News

ZeroLight losses widen as automotive industry puts the brakes on marketing

Oct 31, 2022

ZeroLight losses widen as automotive industry puts the brakes on marketing The 3D car visualisation specialist said it had been impacted by the postponement of new model launches Group 28 Sign up to FREE email alerts from BusinessLive - North East - a direct briefing of the latest headlines to start the day Invalid emailSomething went wrong, please try again later. Sign Up We use your sign-up to provide content in the ways you've consented to and improve our understanding of you. This means that we may include adverts from us and third parties based on our knowledge of you. We also may change the frequency you receive our emails from us in order to keep you up to date and give you the best relevant information possible. As always you can unsubscribe at any time. More info Group 28 Newcastle tech firm ZeroLight saw losses widen to £7.9m, new documents reveal, amid major disruption across the automotive market. The Quayside based company allows people to customise cars through its cloud-based, 3D interactive technology, and the first year of lockdown saw it accelerate deals with a number of car manufacturers, keen to keep launches on track despite the pandemic. However, accounts for the firm - which works with the likes of MW, Audi, Lamborghini, Porsche, Volkswagen, Skoda and Nissan - show its revenue fell for the first time since its launched in 2014, dropping from £8.3m to £6.7m. The firm, which was born out racing game developer Eutechnyx, said the sudden drop in activity by some brands had been offset by its work with emerging electric vehicle companies such as Lucid Motors which rely heavily on digital marketing. While operating losses in the year to the end of March 2022, grew from £4.5m to £7.9m, ZeroLight continued to invest in research and development activity - recording £5.2m spend during the period. Writing in the accounts document, ZeroLight founder and director Darren Jobling said the firm's future remained "highly positive". Following publication of the accounts, Mr Jobling told BusinessLive said: "ZeroLight continues to lead the world, from our base in the North East, defining the future of the car buying journey as we move from traditional retail to a direct to consumer online purchasing model. "However, new car sales have been severely impacted by the Covid pandemic, chip shortages, and supply chain issues caused by the war in Ukraine. In the UK alone, SMMT figures show that new car production was down -29.3% in 2020, and 28.7% in 2021, compared to 2019. "We’ve continued to work with our global customer base during this challenging period, but this has had an obvious knock-on effect on our own results, as ZeroLight’s performance is intrinsically linked to expenditure to support new car sales. The good news is that the deals we were forecasting to arrive in FY22 have only been delayed, and as production has started to recover these deals are arriving, leading to ZeroLight currently having five car manufacturers on global rollout. "We are particularly active in the world of new electric vehicles, where the ZeroLight platform offers a ready-made go to market solution for these new electric vehicle players, allowing them to leapfrog the traditional manufacturers by offering consumers new innovative car buying experiences out of the box. Zerolight's software allows users to customise Lamborghini supercars on their phone (Image: Unknown) "With all the above in mind and seeing an obvious global recession in 2023 and beyond, we successfully raised an additional investment round in July 2022. This will help fuel our 3-year strategy, shared with all employees, where we will be transitioning away from the Services side of our business and concentrating on SaaS revenues generated from scaling adoption of the ZeroLight platform. "Having run a business through two previous recessions, I would advise other CEOs, especially young entrepreneurs who have never experienced a financial downturn, to look critically now at their own cost base and areas of operation. As Rishi Sunak stated, we are all “facing a profound economic crisis” and personally I am not forecasting any signs of recovery until 2024 at the earliest. "Having said that, crisis also brings with it massive opportunity, with some of the world’s biggest tech companies emerging through a period of financial chaos to help shape a new world. This is exactly what ZeroLight will be doing – giving consumers the revolutionary car buying experience they deserve.” READ NEXT:

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ZeroLight Frequently Asked Questions (FAQ)

  • When was ZeroLight founded?

    ZeroLight was founded in 2012.

  • Where is ZeroLight's headquarters?

    ZeroLight's headquarters is located at 55-57 Quayside, Tyne and Wear.

  • What is ZeroLight's latest funding round?

    ZeroLight's latest funding round is Series B.

  • Who are the investors of ZeroLight?

    Investors of ZeroLight include Ponooc, Startup Autobahn, Plug and Play Accelerator, Northstar Ventures and Prime Ventures.

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