Novatron Fusion, a Stockholm, Sweden-based nuclear fusion company for energy production, raised €10M in Series A1 funding.
The round was led by St1, with participation from both new investors, including TomEnterprise, Unit E Limited and Axon Partners Group, and existing investors, Climentum Capital, Santander InnoEnergy Fund, Granitor and Industrifonden.
The company intends to use the funds to expand operations and its development efforts.
Founded by Erik Odén and led by CEO Peter Roos, Novatron Fusion is a nuclear fusion company focused on energy production and fast-tracking the transition to commercial fusion power. Its fusion solution was assembled and the system integration tested.
The technology aims to streamline the fusion energy process while reducing capital and operational cost of future fusion reactors through a series of USPs.
FinSMEs
19/03/2025