KEY HIGHLIGHTS

• Pranos Fusion aims to bridge the gap between experimental fusion reactors and commercial power plants.
• The company has raised $7.22 million to develop its technology stack.
• Pranos Fusion is working on JENGA design software, MAGGA magnets, and PRAGYA tokamak.
• The company is co-incubated at the Institute for Plasma Research and JNCASR.
• Pranos Fusion targets its first plasma milestone in 2026.

Introduction

Nuclear fusion, the reaction that powers the sun, promises a clean and virtually limitless energy source. Despite decades of research, commercial fusion power has yet to become a reality. Pranos Fusion, founded in 2024, is addressing this gap by developing the industrial infrastructure necessary to bring fusion to the grid.

Company Overview

Founded: 2024

Founders: Shaurya Kaushal (CEO), Roshan George (COO)

Headquarters: Bengaluru

Sector: Nuclear fusion energy

Funding Raised: About $7.22 million across two rounds

Key Investors: pi Ventures and Ankur Capital (co-leads), Industrial47; angels including Lalit Keshre and the founders of Razorpay

Institutional Support: Co-incubated at the Institute for Plasma Research and JNCASR; Startup India Seed Fund grant

Technology: JENGA design software, MAGGA superconducting magnets, PRAGYA tokamak

Technology Stack

Pranos Fusion's technology stack consists of three key components: JENGA design software, MAGGA superconducting magnets, and PRAGYA tokamak.

JENGA: This design and plasma-control platform acts as a digital twin, coupling the physics of the plasma to the engineering of the plant. It allows the company to test configurations in simulation before committing to hardware.

MAGGA: These high-temperature superconducting magnets confine the plasma, and stronger magnets allow for a smaller machine, making compact fusion more achievable.

PRAGYA: This is the company's compact spherical tokamak. A tokamak holds plasma in a magnetic field shaped like a doughnut, and Pranos Fusion's low aspect ratio version is squatter than the classical design, making it cheaper to build.

Funding and Investors

Pranos Fusion began with about Rs 3.5 crore in pre-seed funding from Industrial47 and a Rs 20 lakh grant from the Startup India Seed Fund. In March 2026, it raised $6.8 million, around Rs 63 crore, co-led by pi Ventures and Ankur Capital, with Industrial47 returning alongside angels including Groww co-founder Lalit Keshre, the founders of Razorpay and Bhukhanwala Industries. This brings the total funding to about $7.22 million, supporting a team of roughly eight people, testing facilities, and the three technology tracks.

Industrial Collaboration

The company works with third-party manufacturers in Bengaluru, Pune, and Chennai for hardware. It is co-incubated at the Institute for Plasma Research, which runs India's operational tokamaks, and at JNCASR. Its plasma control systems are being developed with a view to deployment on IPR's existing machines.

Key Milestones

In August 2026, Pranos Fusion announced the completion of India's first privately developed tokamak. The company is targeting its first plasma milestone this year, which is a separate and harder step than building the machine.

Challenges and Future Prospects

While Commonwealth Fusion Systems and Helion Energy have raised billions of dollars and have not yet generated net power, Pranos Fusion has raised $7.22 million and is focusing on building the industrial base rather than winning the race. The company's goal is to create the commercial infrastructure needed to bring fusion to the grid.

Conclusion

Pranos Fusion stands at the forefront of nuclear fusion technology, aiming to bridge the gap between experimental reactors and commercial power plants. With its innovative technology stack and strong backing from investors and institutions, the company is poised to make significant strides in the field of nuclear fusion in 2026 and beyond.

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