Marvel Fusion Raises Additional €50M

In order to bridge dark noises, nuclear fusion is brought into play as an energy supplier. Several start-ups in Germany and the world are working on it. But what is the value of the technology?

Marvel Fusion Raises Additional €50M

Marvel Fusion, a Munich, Germany-based fusion energy company, extended its Series B funding round by €50M. The round, which brought the total amount to $113M, included EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund. Existing investors Tengelmann Ventures and Bayern Kapital also participated. The company intends to use the funds to […] The post Marvel Fusion Raises Additional €50M appeared first on FinSMEs.

The start-up intends to develop a prototype of a nuclear fusion reactor by 2032. It has just finalized a new round table of 113 million euros with Siemens Energy and the fund attached to the European Innovation Council.