Otrera, an Aix en Provence, France-based company developing nuclear reactors, raised €2.5M in funding.
Backers included Exergon (Audacia’s decarbonization fund), Invest For The Future (IFTF), CEA Investissement, RÉEL International, Groupe ADF, EKIUM-Groupe SNEF, AXE CAPITOLE, and FORTIL.
The company intends to use the funds to accelerate the development of its Sodium Fast Reactor (SFR), a modular nuclear technology designed to address the dual challenges of energy sovereignty and industrial decarbonization.
Led by Frédéric Varaine, President, and Grégory Cherbuis, Deputy CEO, Otrera is dedicated to the development of new nuclear reactors. It designs modular and flexible solutions to deliver low-carbon energy used to the needs of industries and local communities.
Otrera is a spin-off of the French Alternative Energies and Atomic Energy Commission (CEA) and a laureate of the France 2030 program.
The company currently employs over 25 team members.
FinSMEs
05/12/2024