Pranos Raises $6.8 Mn to Power Fusion Energy Innovation

India’s deep tech ecosystem is gaining momentum in frontier energy. Pranos Fusion has raised $6.8 million in a seed funding round co-led by pi Ventures and Ankur Capital. The round also saw participation from existing investor Industrial47 and several angel investors, including Groww co-founder Lalit Keshre, the founders of Razorpay, and Bhukhanwala Industries.

The Bengaluru-based startup did not disclose its valuation. However, it stated that it is aligned with global fusion startups at a similar stage. Earlier, the company raised Rs 3.5 crore in a pre-seed round and received support under the Startup India Seed Fund scheme.

The fresh capital will be used to develop its fusion technology stack. This includes magnet systems, software-driven design, control capabilities, team expansion, and testing infrastructure.

Building Compact Fusion Reactors

Founded in 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is working on compact magnetic confinement systems. These systems aim to deliver stable and controlled long-pulse operations.

The company is developing an integrated platform. This includes its design and plasma control software JENGA, compact tokamak system PRAGYA, and superconducting magnet program MAGGA. The goal is to accelerate progress towards commercial fusion energy.

Pranos is collaborating with leading institutions such as the Institute for Plasma Research and Jawaharlal Nehru Centre for Advanced Scientific Research. It is also engaging with the global fusion programme ITER.

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Global electricity demand is expected to rise sharply in the coming years, driven by AI, manufacturing, and urban growth. Fusion energy is seen as a long-term solution.

Globally, players like Commonwealth Fusion Systems are racing to commercialise fusion. Pranos is taking a different route. It focuses on compact, low aspect ratio designs to reduce cost and size.

The startup aims to build scalable fusion infrastructure from India. Its approach could play a key role in the future of clean energy.