Bengaluru-based deeptech startup Pranos Fusion has raised $6.8 million (around ₹63 crore) in a seed funding round co-led by Pi Ventures and Ankur Capital, with participation from Industrial47 and prominent angel investors.

Key Highlights

• Pranos raises $6.8 million to develop high field fusion reactor technology for scalable clean energy.
• Funding will support R&D team expansion and building compact tokamak based fusion reactor systems.

The funding will be used to accelerate the development of its high-field fusion reactor technology, including advanced magnet systems, software-driven design, and testing infrastructure. The company is working on compact tokamak-based reactors aimed at making fusion energy more scalable and commercially viable.

Founded in 2024 by Shaurya Kaushal and Roshan George, Pranos is focused on building an integrated fusion stack that combines plasma control software, superconducting magnets, and compact reactor systems. Its approach seeks to significantly reduce the size and cost of traditional fusion reactors while improving efficiency.

The startup plans to use the fresh capital to expand its team, strengthen research and development, and build testing facilities, with initial milestones including commissioning a tokamak system and advancing core technologies by 2026.

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Pranos is also collaborating with leading institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research, while aligning with global initiatives like ITER.

The fundraise comes amid growing global interest in nuclear fusion, a clean energy technology that replicates the sun’s energy generation process and is seen as a potential long-term solution to rising electricity demand and climate challenges.