Pranos Fusion, founded in May 2024 and based in Bengaluru, is developing compact tokamak reactors and an integrated fusion technology stack. Its offerings include plasma-design and control software (JENGA), a compact tokamak platform (PRAGYA), and a high-temperature superconducting magnet program (MAGGA). The company aims to achieve longer confinement times and higher magnetic fields in a smaller physical footprint through software-driven design, plasma control, and HTS magnet technology. Pranos is collaborating with institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research and is engaging with the global ITER program. Financially, it has raised a Rs 3.5 crore pre-seed from Industrial47, received a Rs 20 lakh Startup India Seed Fund grant, and recently closed a $6.8 million seed round to fund technology development, team growth, and testing infrastructure.

Total raised

$7M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2026