About Monashee
Built for industrial execution
Monashee Thermal Infrastructure is a Canadian developer, owner and operator of mission-critical cooling infrastructure. We combine industrial equipment, infrastructure capital and long-term operating responsibility in one platform.
Infrastructure, capital and operations
Monashee exists to change how large cooling plants are developed and owned. Instead of requiring customers to build, fund and manage cooling as a standalone asset, Monashee provides the infrastructure under a long-term commercial relationship.
Development
Structure cooling projects around customer requirements, site conditions and deployment schedules.
Capital
Finance project-level infrastructure through dedicated asset-owning structures.
Operations
Retain responsibility for performance, maintenance and lifecycle management.
Ivan Zivkovic, Co-Founder and CEO
Ivan has spent more than a decade commercializing industrial and clean-energy infrastructure across manufacturing, hydrogen and emerging infrastructure markets.
He previously co-founded Teralta Hydrogen Solutions, where he developed international partnerships across France, South Korea and the United States and secured a project term sheet with a global energy company.
At AdvanTec Global Innovations, Ivan built a vertically integrated contract manufacturing business from the ground up and negotiated multi-year manufacturing agreements with multinational clients.
He also led the market pivot that took Dhydra Technologies from pre-revenue to approximately C$21 million in revenue in under a year.
James Seabrook, P.Eng, Co-Founder
James is President of Vitalis and brings direct experience in industrial CO2 equipment, manufacturing and refrigeration applications to the Monashee platform.
Under his leadership, Vitalis expanded from CO2 extraction equipment into industrial CO2 refrigeration and became part of Germany's KKVB Group in 2024.
A mechanical engineering graduate of UBC Okanagan and a registered professional engineer in British Columbia, James spent five years in new product development for industrial drilling equipment before leading Vitalis from its founding in 2016. He has since taken the company into megawatt-scale R744 heat pumps and chillers, including the 1.5 MW reversible air-source heat pump for UBC Okanagan's campus decarbonization project, the largest of its kind in North America, and opened a 25,000-square-foot expansion of the Kelowna manufacturing facility in 2025.
An OEM platform partnership
Vitalis is more than an equipment vendor to Monashee. It is the OEM platform partner providing the manufacturing capability, refrigeration engineering and industrial delivery base that underpin the cooling infrastructure platform.
Vitalis was founded in Kelowna in 2016 and is part of Germany's KKVB Group, which includes TEKO and Frigopol. The group employs approximately 1,000 people and has delivered more than 10,000 CO2 refrigeration systems.
Kelowna manufacturing. Vitalis operates approximately 55,000 square feet of manufacturing space in British Columbia.
Industrial experience. Group applications span food retail, pharmaceutical cold storage and industrial process cooling.
Certified equipment. Vitalis equipment is CSA certified.
Mission-critical cooling infrastructure, developed, financed, owned and operated.
About Monashee
Built for industrial execution
Monashee Thermal Infrastructure is a Canadian developer, owner and operator of mission-critical cooling infrastructure. We combine industrial equipment, infrastructure capital and long-term operating responsibility in one platform.
Infrastructure, capital and operations
Monashee exists to change how large cooling plants are developed and owned. Instead of requiring customers to build, fund and manage cooling as a standalone asset, Monashee provides the infrastructure under a long-term commercial relationship.
Development
Structure cooling projects around customer requirements, site conditions and deployment schedules.
Capital
Finance project-level infrastructure through dedicated asset-owning structures.
Operations
Retain responsibility for performance, maintenance and lifecycle management.
Ivan Zivkovic, Co-Founder and CEO
Ivan has spent more than a decade commercializing industrial and clean-energy infrastructure across manufacturing, hydrogen and emerging infrastructure markets.
He previously co-founded Teralta Hydrogen Solutions, where he developed international partnerships across France, South Korea and the United States and secured a project term sheet with a global energy company.
At AdvanTec Global Innovations, Ivan built a vertically integrated contract manufacturing business from the ground up and negotiated multi-year manufacturing agreements with multinational clients.
He also led the market pivot that took Dhydra Technologies from pre-revenue to approximately C$21 million in revenue in under a year. Most recently, he served as Hydrogen Solutions Lead at Entegris and Strategic Advisor at ClimateDoor.
James Seabrook, P.Eng, Co-Founder
James is President of Vitalis and brings direct experience in industrial CO2 equipment, manufacturing and refrigeration applications to the Monashee platform.
Under his leadership, Vitalis expanded from CO2 extraction equipment into industrial CO2 refrigeration and became part of Germany's KKVB Group in 2024.
A mechanical engineering graduate of UBC Okanagan and a registered professional engineer in British Columbia, James spent five years in new product development for industrial drilling equipment before leading Vitalis from its founding in 2016. He has since taken the company into megawatt-scale R744 heat pumps and chillers, including the 1.5 MW reversible air-source heat pump for UBC Okanagan's campus decarbonization project, the largest of its kind in North America, and opened a 25,000-square-foot expansion of the Kelowna manufacturing facility in 2025.
An OEM platform partnership
Vitalis is more than an equipment vendor to Monashee. It is the OEM platform partner providing the manufacturing capability, refrigeration engineering and industrial delivery base that underpin the cooling infrastructure platform.
Vitalis was founded in Kelowna in 2016 and is part of Germany's KKVB Group, which includes TEKO and Frigopol. The group employs approximately 1,000 people and has delivered more than 10,000 CO2 refrigeration systems.
Kelowna manufacturing. Vitalis operates approximately 55,000 square feet of manufacturing space in British Columbia.
Industrial experience. Group applications span food retail, pharmaceutical cold storage and industrial process cooling.
Certified equipment. Vitalis equipment is CSA certified.
Mission-critical cooling infrastructure, developed, financed, owned and operated.