'Waterless' washing machine group raising £40m for expansion

Xeros planning to roll out plastic bead technology in the Americas and Europe

Xeros, a British technology group that specialises in "waterless" washing machines, has announced plans to raise 40m from shareholders for its further development.

The group, which floated on London's Aim market in March 2014 when it raised 27.6m, said the funds will help it maintain momentum as it rolls out its commercial laundry business in the Americas and Europe.