Pranos Fusion, a deep-tech startup based in Bengaluru, has raised $6.8 million in a seed funding round to further develop its compact fusion reactor technology. The funding, co-led by pi Ventures and Ankur Capital, with participation from Industrial47 and other investors, will support the company’s efforts in enhancing magnet systems, software-driven design, team expansion, and testing facilities.
Founded in May 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion focuses on developing stable and controllable compact magnetic confinement systems for fusion energy. The company’s integrated fusion development stack includes design and plasma-control software (JENGA), a compact tokamak platform (PRAGYA), and a high-temperature superconducting magnet program (MAGGA) aimed at achieving commercially viable fusion power.
Collaborating with esteemed institutions like the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research, Pranos Fusion is strategically positioned to advance fusion technology. By leveraging advanced design, plasma control, and high-temperature superconducting magnets, the company aims to achieve longer confinement times and higher magnetic fields in a smaller physical footprint.
With a global focus on fusion energy, Pranos Fusion’s approach to compact fusion reactor design sets it apart from traditional large-scale fusion projects. The company’s vision aligns with the increasing global demand for sustainable energy solutions amidst rising electricity consumption driven by AI, manufacturing, and urbanization.
Source: Entrackr : Latest Posts