Newcleo raised €135M in a Series A funding round led by Inarcassa, Walter Tosto, and Ingérop to expand its clean nuclear technology operations in France.
Newcleo raised €135M in a Series A funding round led by Inarcassa, Walter Tosto, and Ingérop to expand its clean nuclear technology operations in France.
10/01/24, 12:07 PM
Location
londonMoney raised
€135 million
Industry
energy
Round Type
series a
Investors
Ingérop, Walter Tosto, Inarcassa
Newcleo, a clean nuclear technology company, has secured €135M in its Series A capital raise, bringing total funding to €535M. The company aims to strengthen its European presence by relocating its headquarters to Paris and plans to reopen its funding round later this year.
Company Info
Location
london, england, united kingdom
Additional Info
Since launching in 2021 newcleo has quickly established itself as innovator in the field of nuclear energy. newcleo is working to design, build, and operate Gen-IV Advanced Modular Reactors (AMRs) that are cooled by liquid lead and fuelled by reprocessed nuclear waste.
Through an innovative combination of existing and proven technologies, and by reviving a nuclear industry model based on the manufacture and multi-recycling of Mixed Oxide fuel, newcleo aims to close the nuclear fuel cycle while safely producing clean, affordable, and practically inexhaustible energy required for low carbon economies.