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Otrera raised €2.5M in funding led by Exergon and other investors to accelerate the development of its Sodium Fast Reactor technology.

Dec 05, 20248 months ago

Amount Raised

€2.5 Million

Round Type

seed

Aix-en-ProvenceEnergy

Investors

FortilAxe CapitoleEkium Groupe SnefGroupe AdfRéel InternationalCea InvestissementInvest For The Future (Iftf)Exergon

Description

Otrera, a company based in Aix en Provence, France, has raised €2.5M to further develop its modular nuclear technology. The funding was backed by multiple investors including Exergon and CEA Investissement, aimed at addressing energy sovereignty and industrial decarbonization.

Company Information

Company

Otrera

Location

13100 Saint-Antonin-sur-Bayon

Aix-en-Provence, Provence-Alpes-Côte d'Azur, France

About

Otrera is committed to addressing the climate and energy crises by building a new, world-class nuclear energy sector. Our mission is to provide France and Europe with a low-carbon, competitive, and sovereign energy solution, while creating highly skilled jobs and enhancing our international competitiveness.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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