Pranos Fusion has raised $6.8 million (approximately Rs 63 crore) in a seed funding round co-led by pi Ventures and Ankur Capital, with participation from existing investor Industrial47 and prominent angel investors, including Lalit Keshre and the founders of Razorpay.
The Bengaluru-based deep-tech startup had previously raised Rs 3.5 crore in a pre-seed round from Industrial47 and received a Rs 20 lakh grant from the Startup India Seed Fund. While the company has not disclosed its valuation, it indicated alignment with global fusion startups at a similar stage.
The newly raised capital will be used to advance its fusion technology stack, including the development of magnet systems, software-driven design and control capabilities, team expansion, and the build-out of testing infrastructure.
Founded in May 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is focused on building compact magnetic confinement systems for stable and controllable long-pulse fusion operations. The company is developing an integrated stack that includes its plasma-control and design software (JENGA), a compact tokamak platform (PRAGYA), and a high-temperature superconducting magnet program (MAGGA).
Pranos is also collaborating with leading research institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research, while engaging with the global fusion initiative ITER.
As global electricity demand is expected to grow significantly—driven by AI, manufacturing, and urbanisation—the company aims to accelerate the path toward commercially viable fusion energy. By integrating advanced plasma control, design systems, and high-temperature superconducting magnets, Pranos seeks to achieve longer confinement times and higher magnetic fields within a smaller reactor footprint.
Globally, companies such as Commonwealth Fusion Systems are advancing tokamak-based fusion technologies. Pranos, however, is focusing on a compact, low-aspect-ratio design to reduce the size and cost traditionally associated with fusion reactors.
Commenting on the development, Shaurya Kaushal said, “We stand on the shoulders of brilliant fusion physics. Now, the world needs the commercial infrastructure to bring it to the grid—the technology to design, construct, and operate fusion power plants at scale. At Pranos, we are building exactly that, and we are beginning our contribution today, from India.”
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