Novatron Fusion Group closes seed round of EUR 5 million

Today, we warmly welcome our three new investors: Climentum Capital and Industrifonden, and Santander InnoEnergy Climate Fund. Together, they are investing EUR 5 million, which will enable us to accelerate the transformation of the energy landscape.

"We have been looking for long-term investors, who share our goal of establishing the NOVATRON concept as the preferred and flexible large-scale dispatchable source of clean, safe, and virtually limitless energy. This capital infusion will allow us to develop proof-of-concept prototypes and enhance the development process. We still have a way to go, but today's support is proof that we are on the right track," says Peter Roos, CEO.

Investor intervju

Listen to Mala Valroy, Investment Manager at Industrifonden, and Malin Carlström, General Partner at Climentum Capital explain their funds’ investment thesis and why fusion technology is such an interesting opportunity for them.

The round was led by Climentum Capital, in syndication with Industrifonden, Santander InnoEnergy Climate Fund, and with renewed investments by KTH Holding and EIT InnoEnergy.