Fusion startup, Pranos Fusion is attracting fresh capital to accelerate development of compact nuclear fusion technologies.
The Bengaluru-based company has raised $6.8 million (around ₹63 crore) in a seed round led jointly by pi Ventures and Ankur Capital.
The round also saw participation from Industrial47 and several prominent angel investors, including Groww co-founder Lalit Keshre, founders of Razorpay, and Bhukhanwala Industries.
While the company has not disclosed its valuation, it indicated alignment with global peers at a similar stage of development.
The newly raised funds will be directed towards building its fusion technology stack, including advancements in magnet systems, software-led design and control platforms, and expansion of testing infrastructure.
The company also plans to scale its team as it moves towards more advanced stages of development.
Founded in May 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is working on compact magnetic confinement systems designed for stable and long-duration operations.
Its approach combines multiple in-house technologies, including a design and plasma-control platform (JENGA), a compact tokamak system (PRAGYA), and a high-temperature superconducting magnet programme (MAGGA), aimed at accelerating the path towards commercially viable fusion energy.
The startup is actively working with leading research institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research.
It is also engaging with the global ITER programme, positioning itself within the broader international effort to advance fusion energy.
With global electricity demand expected to rise by nearly 20% by the end of the decade, driven by artificial intelligence, industrial expansion and urbanisation, fusion energy is increasingly being viewed as a long-term solution for clean and scalable power generation.
“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, as per news reports.
Globally, companies such as Commonwealth Fusion Systems are working towards commercialising tokamak-based fusion.
Pranos is differentiating itself by focusing on compact, low-aspect-ratio reactor designs, aiming to reduce the traditionally large size and high costs associated with fusion infrastructure while improving efficiency through advanced superconducting systems.
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Pranos Fusion’s latest funding marks a significant step in India’s entry into the global fusion energy race. By combining compact reactor design with advanced control and magnet technologies, the startup is positioning itself to contribute meaningfully to the future of clean, scalable energy, even as the sector remains capital-intensive and technologically complex.
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Published on: Mar 24, 2026, 1:23 PM IST
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