Novatron Fusion Group has successfully closed its Series A1 funding round, with lead investor St1 joining to accelerate fusion energy development in the Nordics. This partnership marks a significant step towards achieving fossil-free energy independence.
Novatron Fusion Group has successfully closed its Series A1 funding round, with lead investor St1 joining to accelerate fusion energy development in the Nordics. This partnership marks a significant step towards achieving fossil-free energy independence.
03/19/25, 7:08 AM
Location
stockholmIndustry
biotechnology
manufacturing
Round Type
series a
Investors
St1
Novatron Fusion Group (NFG) has announced the successful closing of its Series A1 funding round, enhanced by a strategic partnership with lead investor St1. This collaboration aims to reduce society's dependence on fossil fuels while addressing future energy demands. CEO Henrikki Talvitie of St1 joins NFG's board, bringing vital expertise for their ambitious roadmap. The partnership follows the assembly of the first prototype of NFG’s NOVATRON fusion solution, with plans for continued experiments and future phases of development.
Company Info
Location
missionsvägen 12 bromma 167 33
stockholm, stockholm county, sweden
Additional Info
Novatron Fusion Group AB is a Swedish company aiming to revolutionize the field of nuclear fusion for energy production and fast-track the transition to commercial fusion power. Founded in 2019, the company is today comprised of first-class talent from around the world.