Deep-tech player Pranos Fusion has raised $6.8 million (₹63 crore) in an early-stage funding round co-led by pi Ventures and Ankur Capital, with returning investor Industrial47.
The round also saw strategic backing from angel investors, including Lalit Keshre (Co-founder, Groww), the founders of Razorpay, and Bhukhanwala Industries.
The company said the newly raised capital will advance development across its fusion technology stack, with key activities including the commissioning of a tokamak, with first plasma targeted for 2026, continued development of magnet systems, and software-driven design and control capabilities.
It added that the funding will also support team expansion and the build-out of testing facilities.
“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,” said Dr. Shaurya Kaushal, Co-founder and CEO of Pranos Fusion.
Co-founded in 2024 by Dr. Shaurya Kaushal and Roshan George, Pranos is led by a multidisciplinary team of physicists and engineers. The company is co-incubated at the Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR – DST) and the Institute for Plasma Research (IPR – DAE), and maintains close collaborations with ITER.