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Novatron Fusion Group has successfully closed its Series A1 funding round, with lead investor St1 joining to accelerate fusion energy development in the Nordics. This partnership marks a significant step towards achieving fossil-free energy independence.

Mar 19, 20255 months ago

Round Type

series a

StockholmBiotechnologyManufacturing

Investors

St1

Description

Novatron Fusion Group (NFG) has announced the successful closing of its Series A1 funding round, enhanced by a strategic partnership with lead investor St1. This collaboration aims to reduce society's dependence on fossil fuels while addressing future energy demands. CEO Henrikki Talvitie of St1 joins NFG's board, bringing vital expertise for their ambitious roadmap. The partnership follows the assembly of the first prototype of NFG’s NOVATRON fusion solution, with plans for continued experiments and future phases of development.

Company Information

Company

Novatron Fusion Group AB

Location

Missionsvägen 12 Bromma 167 33

Stockholm, Stockholm County, Sweden

About

Novatron Fusion Group AB is a Swedish company aiming to revolutionize the field of nuclear fusion for energy production and fast-track the transition to commercial fusion power. Founded in 2019, the company is today comprised of first-class talent from around the world.

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