Aalo Atomics raised $27M in a Series A funding round led by 50Y and Valor Equity Partners to support its mission of making small nuclear reactors in gigafactories.
Aalo Atomics raised $27M in a Series A funding round led by 50Y and Valor Equity Partners to support its mission of making small nuclear reactors in gigafactories.
08/15/24, 11:04 AM
Location
austinMoney raised
$27 million
Industry
renewable energy
energy
manufacturing
Round Type
series a
Investors
Preston Werner Ventures, Alumni Ventures, Harpoon Ventures, Valor Equity Partners, 50 Y
Aalo Atomics has successfully completed a Series A funding round, securing $27 million to facilitate the development of small nuclear reactors. This investment will help the company achieve lower costs and faster construction times for clean energy solutions.
Company Info
Location
austin, texas, united states
Additional Info
Aalo Atomics is a US-based company focused on developing small nuclear reactors for clean energy production. The company aims to manufacture reactor systems in gigafactories to ensure low costs and efficient construction. Their flagship project, the Aalo-1 microreactor, is designed to be a factory-fabricated unit using advanced fuel technology. Aalo Atomics is committed to making clean energy accessible and reliable through innovative solutions.