Co-funded by the
European Union
29 August 2023
Swedish Startup Novatron Fusion Group Secures EUR 5M Seed Funding to Propel Fusion Energy Innovation
The round was led by Climentum Capital, in syndication with Industrifonden, Santander InnoEnergy Climate Fund, and with renewed investments by KTH Holding and EIT InnoEnergy
Swedish Startup Novatron Fusion Group Secures EUR 5M Seed Funding to Propel Fusion Energy Innovation
With the NOVATRON concept at its core, the Swedish company aims to revolutionize global energy by harnessing fusion power’s potential for emission-free, reliable, and abundant energy. Led by inventor Jan Jäderberg and experts at KTH Royal Institute of Technology’s Novatron Lab, the venture edges closer to scalable fusion energy. Strategic investments from Climentum Capital, Industrifonden, Santander InnoEnergy Climate Fund, KTH Holding, and EIT InnoEnergy underline its sustainability mission. EIT InnoEnergy’s partnership strengthens Novatron’s path to transform energy production through fusion power, contributing to a greener future.
