Nuclear energy startup Pranos has raised $6.8 Mn (around ₹63 Cr) in its fresh funding round co-led by pi Ventures and Ankur Capital, along with participation from existing investor Industrial47, Groww cofounder Lalit Keshre, the founders of Razorpay, and Bhukhanwala Industries.
The Bengaluru-based startup is planning to deploy the freshly raised capital to strengthen its R&D, with a major focus on developing high-temperature superconducting (HTS) magnets.
The startup will also fuel the process of commissioning a Tokamak, with first delivery targeted for 2026. Additionally, it will deploy a chunk of the capital to expand its team and build its testing facilities.
For context, a Tokamak is generally a reactor that uses powerful magnetic fields to contain hot plasma, keeping it from touching the walls and enabling atoms to fuse and release energy. In short, it is a device that facilitates the formation of nuclear fusion energy.
Founded in 2024 by JNCASR’s PhD Shaurya Kaushal and ex-REConnect Energy principal engineer Roshan George, Pranos Fusion is a Bengaluru-based deeptech startup developing nuclear fusion technology using magnetic confinement to produce clean, nuclear energy.
The startup was incubated at the Jawaharlal Nehru Centre for Advanced Scientific Research (DST) and the Institute for Plasma Research (DAE). It also claims to have associations with ITER (International Thermonuclear Experimental Reactor).
Notably, this is Pranos’ second funding round. Prior to this, the company raised ₹3.5 Cr in May 2025. It also received a grant of ₹20 Lakhs from Startup India Seed Fund.
