Deeptech startup Pranos Fusion raises $6.8M in funding round co-led by Pi Ventures, Ankur Capital
Pranos Fusion will use the funding on advancing its technology stack, building out testing facilities, and hiring.
Deeptech startup Pranos Fusion has raised $6.8 million in an early-stage funding round co-led by pi Ventures and Ankur Capital along 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 on advancing its fusion technology stack, building out testing facilities, and hiring.
Pranos Fusion team
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. The startup 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 (a magnetic confinement fusion device) platform, and a high-temperature superconducting magnet programme to accelerate progress towards commercially viable fusion power.
“We stand on the shoulders of brilliant fusion physics. Now, the world needs the commercial infrastructure to bring it to the grid. The technology to design, construct and operate fusion power plants at scale. At Pranos, we are building exactly that, and we are beginning our contribution today, from India,” said Shaurya Kaushal, Co-founder and CEO of Pranos Fusion.
According to the startup, fusion energy has the advantages of delivering on-demand, zero-carbon electricity generated from deuterium derived from seawater and tritium from lithium.
“Fusion isn't just promising; it is inevitable. What drew us to Pranos Fusion is that a homegrown Indian deep-tech company is taking on one of civilisation's hardest problems with a vertically integrated, first-principles approach. We believe this is where the next great energy company will be built,” said Manish Singal, Founding Partner of pi Ventures.
Edited by Swetha Kannan