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Aalo Atomics raised $27M in a Series A funding round led by 50Y and Valor Equity Partners to support its mission of making small nuclear reactors in gigafactories.

Aug 15, 202412 months ago

Amount Raised

$27 Million

Round Type

series a

AustinRenewable EnergyEnergyManufacturing

Investors

Preston Werner VenturesAlumni VenturesHarpoon VenturesValor Equity Partners50 Y

Description

Aalo Atomics has successfully completed a Series A funding round, securing $27 million to facilitate the development of small nuclear reactors. This investment will help the company achieve lower costs and faster construction times for clean energy solutions.

Company Information

Company

Aalo Atomics

Location

Austin, Texas, United States

About

Aalo Atomics is a US-based company focused on developing small nuclear reactors for clean energy production. The company aims to manufacture reactor systems in gigafactories to ensure low costs and efficient construction. Their flagship project, the Aalo-1 microreactor, is designed to be a factory-fabricated unit using advanced fuel technology. Aalo Atomics is committed to making clean energy accessible and reliable through innovative solutions.

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