Avalanche Energy Achieves Record 200Kv Electrostatic Fusion Milestone And Closes $40 Million Series A Funding Round
Apr 24, 2023•over 2 years ago
Amount Raised
$40 Million
Investors
Prime Impact FundThe Climate Capital SyndicateMcj CollectiveAutodeskClear PathGrantham FoundationCongruent VenturesToyota VenturesFounders FundLowercarbon Capital
Description
Avalanche Energy, a fusion energy startup developing modular fusion micro-reactors, today announced that it achieved a record of 200 kilovolts in its micro-fusion reactor and closed a $40M Series A round led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures. Also following on their Seed round investment are Congruent Ventures, Grantham Foundation and Clear Path. New participants also included Autodesk, MCJ Collective and the Climate Capital Syndicate. Avalanche recently operated their second prototype reactor at 200 kilovolts making it the highest known operating voltage of any fusion device since the University of Wisconsin at Madison produced 190 kilovolts in a 2006 experiment
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