Avalanche Energy, a Seattle, WA-based fusion energy startup developing modular fusion micro-reactors, raised $40M in Series A funding.
The round was led by Lowercarbon Capital, with major participation from Founders Fund and Toyota Ventures, Congruent Ventures, Grantham Foundation, Clear Path, Autodesk, MCJ Collective, the Climate Capital Syndicate.
The company intends to use the funds to continue its accelerated work to test, develop and optimize its high-voltage orbitron prototypes, in addition to miniaturizing components critical to delivering a stand-alone, micro fusion reactor.
Led CEO Robin Langtry, Avalanche Energy is a fusion energy startup which designs, tests and builds micro-fusion reactors barely larger than a football. Its modular reactor design can be stacked for near-endless power applications. This approach enables rapid iterations of design, build, test, fix cycles for faster development and the rapid scalability that the planet needs.
The technology has broad implications for energy independence and national security, opening the door to a wide range of applications, including carbon-free energy generation, advanced space propulsion, microgrids and transportation.
FinSMEs
24/04/2023