Pranos Fusion, a Bengaluru-based nuclear fusion startup, has secured $6.8 million in an early-stage funding round to advance its clean energy ambitions.
The round was co-led by pi Ventures and Ankur Capital, with participation from returning investor Industrial47, Groww cofounder Lalit Keshre, Razorpay founders, and Bhukhanwala Industries.
Strategic Funding for R&D Acceleration
This infusion brings Pranos Fusion's total capital raised to approximately ₹66.5 crore, following a previous ₹3.5 crore round in May 2025 backed by Industrial47 and a ₹20 lakh grant from Startup India Seed Fund.
From Startup to Fusion Pioneer: A Brief History
Founded in 2024 by Shaurya Kaushal, a PhD from JNCASR, and Roshan George, formerly at REConnect Energy, the company emerged from incubators at Jawaharlal Nehru Centre for Advanced Scientific Research and Institute for Plasma Research.
Leveraging India's strong foundation in plasma research through IPR and ITER participation, Pranos Fusion positions itself to build cost-effective fusion tech, up to 10 times cheaper than in the US.
Cutting-Edge Fusion Technology Stack
Pranos is developing compact magnetic confinement fusion using high-temperature superconducting magnets, a testing Tokamak called PRAGYA, and JENGA software for reactor design and control.
The startup aims to achieve longer plasma confinement times in smaller footprints, mimicking the sun's energy process for limitless clean power.
Funds will fuel R&D on HTS magnets, commission a full Tokamak with first plasma targeted for 2026, expand the team, and construct testing facilities.
Impact on India's Energy Future
As India's electricity demand surges 20% by decade's end due to AI, manufacturing, and urbanization, Pranos Fusion's baseload clean energy could transform the grid and reduce fossil fuel reliance.
Early commercialization of JENGA software and magnets for sectors like MRI, defense, and transport will generate revenue ahead of full fusion plants, expected in over a decade globally.
"Fusion isn’t just promising; it is inevitable," said Manish Singal, founding partner at pi Ventures.
With global fusion investments hitting $9-10 billion, Pranos Fusion's vertically integrated approach from India signals a new era in the international race for sustainable power.
Maria Lourdes
