India’s deep-tech ecosystem is expanding into advanced energy technologies, with Bengaluru-based Pranos Fusion raising $6.8 million (around Rs 63 crore) in a seed funding round. The round was co-led by pi Ventures and Ankur Capital, with participation from existing investor Industrial47 and several angel investors, including Groww co-founder Lalit Keshre, founders of Razorpay, and Bhukhanwala Industries.
The company has not disclosed its valuation but stated that it is in line with global fusion startups at a similar stage.
Pranos Fusion had earlier raised Rs 3.5 crore in a pre-seed round from Industrial47 and also received a Rs 20 lakh grant under the Startup India Seed Fund.
Building the Future of Fusion Energy
Founded in May 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is working on compact fusion energy systems using magnetic confinement technology. The startup aims to make fusion power more practical and scalable.
The company is developing a complete fusion technology stack, which includes:
- JENGA – software for design and plasma control
- PRAGYA – a compact tokamak reactor platform
- MAGGA – a high-temperature superconducting magnet program
These systems are designed to work together to enable stable, long-duration fusion reactions in a smaller setup, compared to traditional large-scale reactors.
Use of Funds
The newly raised capital will be used to:
- Advance magnet systems and core fusion technologies
- Strengthen software-driven design and control capabilities
- Expand the team
- Build testing and research infrastructure
Collaborations and Industry Context
Pranos Fusion is already collaborating with leading research institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research, while also engaging with the global fusion initiative ITER.
With global electricity demand expected to grow by nearly 20% by the end of this decade, driven by AI, manufacturing, and urbanisation, fusion energy is being explored as a clean and scalable solution for future power needs.
Speaking on the vision, co-founder and CEO Shaurya Kaushal said the goal is to build the infrastructure required to bring fusion power closer to real-world deployment and scale.
Competing on a Global Stage
Globally, companies like Commonwealth Fusion Systems are working to commercialise fusion reactors. Pranos Fusion, however, is taking a different approach by focusing on compact, low-aspect-ratio tokamak designs, which aim to reduce both the size and cost of fusion systems.
By combining advanced design, plasma control, and high-temperature superconducting magnets, the startup aims to improve efficiency, increase magnetic field strength, and achieve longer energy confinement times.
With fresh funding and a clear roadmap, Pranos Fusion is positioning itself as an emerging player in the global race to make fusion energy commercially viable.
-By Shivani Solanki
