Pranos Fusion Raises $6.8M for Nuclear Fusion Tech

Bengaluru-based nuclear energy startup Pranos Fusion has raised $6.8 million (around ₹63 Cr) in a funding round co-led by pi Ventures and Ankur Capital, with participation from Groww cofounder Lalit Keshre and Razorpay’s founders, according to Inc42. The company plans to use the funds to strengthen its R&D, focusing on high-temperature superconducting (HTS) magnets.

Founded in 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is developing nuclear fusion technology using magnetic confinement to produce clean energy. The startup, incubated at Jawaharlal Nehru Centre for Advanced Scientific Research (DST) and the Institute for Plasma Research (DAE), is also associated with ITER (International Thermonuclear Experimental Reactor).

The company is working towards commissioning a Tokamak, a reactor that uses magnetic fields to contain hot plasma for nuclear fusion, with the first delivery targeted for 2026. A portion of the capital will also be allocated to team expansion and building testing facilities.

Pranos Fusion previously raised ₹3.5 Cr in May 2025 and received a ₹20 Lakhs grant from the Startup India Seed Fund. Kaushal told Inc42 that the current funding aims to keep Pranos competitive in hardware development alongside global players.

Pranos’s offerings include PRAGYA, a testing Tokamak; JENGA, software for Tokamak design and control; and MAGGA Magnetic Gain, superconducting magnets currently in R&D. While not yet operating commercially, JENGA is expected to become a revenue-generating product soon, with a pilot-stage rollout planned for next year.

Pranos is partnering with manufacturers in Bengaluru, Pune, and Chennai and aims to serve fusion energy startups as customers, collaborating with companies in Europe. Currently, no company generates commercial electricity from fusion reactions, though startups like Helion Energy and Commonwealth Fusion Systems have achieved short bursts of fusion reactions.