Deeptech startup Pranos Fusion has raised $6.8 million in an early-stage funding round co-led by pi Ventures and Ankur Capital, with returning investor Industrial47. The round also saw participation from angel investors, including Lalit Keshre, Co-founder, Groww, and the founders of Razorpay, and Bhukhanwala Industries.
Pranos Fusion will use the funding to advance its fusion technology stack, build out testing facilities, and hire. Founded in 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is developing compact magnetic fusion technology to generate energy by fusing hydrogen atoms together.
Company Context
Pranos Fusion was co-incubated at the Jawaharlal Nehru Centre for Advanced Scientific Research and the Institute for Plasma Research and has close collaborations with the International Thermonuclear Experimental Reactor. The startup is building an integrated fusion development stack combining design and plasma-control software, a compact tokamak platform, and a high-temperature superconducting magnet programme to accelerate progress towards commercially viable fusion power.
Industry Context
Fusion energy has the advantages of delivering on-demand, zero-carbon electricity generated from deuterium derived from seawater and tritium from lithium. According to the startup, this funding will help advance its technology and bring it closer to commercial viability, addressing the growing demand for clean energy solutions.
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Source: YourStory