Pranos Fusion

What Pranos Fusion does

Pranos Fusion is a privately held fusion energy company founded in May 2024 in Bengaluru, India, by Dr. Shaurya Kaushal (CEO) and Roshan George (COO). The company is developing compact tokamak technology for commercial fusion energy using magnetic confinement, with the explicit goal of delivering baseload clean power and reducing India's reliance on imported uranium while avoiding long-lived radioactive waste from fission. Its target customers, once commercialized, are energy utilities, government energy agencies, and research institutions, with current engagement routed through direct B2B partnership inquiries via the company website.

The company's technology stack comprises three integrated products: PRAGYA, a low-aspect-ratio, medium-scale tokamak serving as India's first privately developed tokamak and a testbed for advanced plasma control; JENGA, tokamak design and control software that integrates control-oriented design from the outset to ensure stable reactor operation; and MAGGA, High-Temperature Superconducting (HTS) magnet modules that enable stronger magnetic fields in more compact reactor architectures. The company collaborates with a network of ecosystem partners including ITER, JNCASR, IPR, IISc, IIT Kharagpur, and BITS Pilani, with JNCASR and IPR also listed as incubation and support partners.

Pranos Fusion is pre-revenue and in R&D stage, with no commercial products or pricing disclosed. The company is exploring near-term revenue opportunities from technology components while working toward commercially viable fusion energy. Total funding raised to date is approximately $7.6 million across multiple rounds, including a $6.8 million seed round in March 2026 co-led by Pi Ventures and Ankur Capital with participation from Industrial47, Bhukhanwala Industries, and angel investors. The company operates within India's newly opened nuclear regulatory framework under the SHANTI Act 2025, targeting a first plasma milestone by 2026.

Name

Pranos Fusion

Legal name

Pranos Fusion Private Limited

Website

https://pranosfusion.energy

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Pranos Fusion is a Bengaluru-based fusion energy startup founded in 2024 developing compact tokamak technology for commercial clean power. It builds an integrated stack comprising PRAGYA (tokamak testbed), JENGA (design and control software), and MAGGA (HTS magnets), targeting energy utilities, government agencies, and research institutions.

Ownership category

akta.pro rank

Product category

Fusion Energy Technology

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (33361), Power, Distribution, and Specialty Transformer Manufacturing (335311), Relay and Industrial Control Manufacturing (335314)

SIC

Electronic Coils, Transformers & Other Inductors (3677), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Gen IV / Advanced Reactor Systems (SFR, LFR, GFR, MSR, HTGR, Microreactors) (EUAKADAC)

akta.pro secondary industries

Gen III/III+ Reactor Systems & Components (EUAKADAB), Reactor Vessel, Internals & Primary Circuit Components (RPV, piping, pumps, valves) (EUAKADAE)

Keywords

• Fusion energy technology
• Compact tokamak engineering
• Plasma control software
• HTS magnet systems
• Magnetic confinement fusion

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Pre-revenue R&D Stage: The company is in early-stage development focused on advancing fusion technology. Sources indicate they are exploring near-term revenue opportunities from technology components while working toward commercially viable fusion energy.

Distribution channels1 record

Marketing channels3 records

Core offering

Pranos Fusion develops compact tokamak technology for commercial fusion energy, integrating three in-house components into a single small aspect-ratio tokamak stack: PRAGYA (a low-aspect-ratio tokamak testbed for advanced plasma control), JENGA (tokamak design and control software that integrates control-oriented design from the outset), and MAGGA (High-Temperature Superconducting magnet modules that enable stronger magnetic fields in more compact reactor architectures). The company is pre-revenue and targets the first plasma milestone by 2026.

Product overview

Pranos Fusion offers an integrated tokamak technology stack comprising three core products: PRAGYA (a low-aspect-ratio tokamak testbed for plasma control experimentation), JENGA (tokamak design and control software), and MAGGA (HTS magnet modules). These products work together as a unified system—the JENGA software drives the design and control functions, the MAGGA magnets provide the superconducting magnetic field infrastructure, and PRAGYA serves as the physical test platform where these technologies are validated and integrated.

Differentiator

Problem solved

Functional benefit

Brands

• PRAGYA: Low-aspect-ratio, medium-scale tokamak built for advanced plasma control and integrated with JENGA software.
• JENGA
• MAGGA

Products and services

• PRAGYA PRAGYA is Pranos Fusion's first low-aspect-ratio, medium-scale tokamak, built as a control testbed for advanced plasma operations and integrated with JENGA software. It serves as India's first privately developed tokamak and is intended as a test platform for validating the company's fusion technology stack.
• JENGA JENGA is a tokamak design and control software platform built to narrow the gap between tokamak concept and machine. It integrates control-oriented design from the outset so that reactor design choices support stable operation, and it is engineered to integrate HTS magnet modules used by PRAGYA.
• MAGGA MAGGA (Magnetic Gain) is Pranos Fusion's High-Temperature Superconducting (HTS) magnet system that creates stronger magnetic fields to enhance tokamak performance while enabling more compact reactor architectures. Both JENGA software and PRAGYA tokamak are engineered to integrate MAGGA HTS magnet modules.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• ITERcoreStrategic or Co-development PartnerEcosystem partner working with leading institutions in the country. ITER is an international nuclear fusion research and engineering megaproject. Pranos is building within this global fusion ecosystem.
• JNCASR (Jawaharlal Nehru Centre for Advanced Scientific Research)coreStrategic or Co-development PartnerEcosystem partner; academic institution collaborating on high-performance computing (HPC) with Dr Santosh Ansumali as advisor.
• IPR (Institute for Plasma Research)coreStrategic or Co-development PartnerEcosystem partner; leading Indian research institution in plasma physics and fusion technology.
• IISc (Indian Institute of Science)coreStrategic or Co-development PartnerEcosystem partner; premier Indian research institution with Dr Animesh Kuley providing plasma physics expertise.
• IIT Kharagpur (Indian Institute of Technology)coreStrategic or Co-development PartnerEcosystem partner; leading technical institution with Dr Abhay Singh Gour providing HTS expertise.
• BITS PilanisupportingStrategic or Co-development PartnerEcosystem partner; academic institution collaborating on fusion research and development.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zap Energy: US-based fusion startup using sheared-flow Z-pinch technology, which is mechanically and architecturally simpler than tokamaks. Targets the same end market of commercial fusion power with a more capital-efficient approach, but lacks Pranos's integrated software+magnet stack.
• Commonwealth Fusion Systems: MIT spinout building SPARC, a compact high-field tokamak that uses HTS magnets to achieve high magnetic fields in a smaller footprint. The most direct technology parallel to Pranos's PRAGYA+MAGGA architecture, with similar physics basis but vastly more capital and a US footprint.
• General Fusion: Canada-based company pursuing magnetized target fusion (MTF), using mechanical pistons to compress a plasma target. Operates in the same private fusion energy market with comparable funding scale but a different technical approach.
• Helion Energy: US-based pulsed magnetic fusion company that has signed a power purchase agreement with Microsoft for first electricity delivery. Competes with Pranos for the same long-term fusion-power customer base (utilities, hyperscalers) but uses a fundamentally different pulsed fusion architecture rather than tokamak.
• Type One Energy: US-based company developing stellarator fusion technology using HTS magnets. Pursues an alternative magnetic confinement architecture with potentially superior plasma stability properties; competes with Pranos in the HTS-magnet fusion hardware space and for utility customers.
• Tokamak Energy: UK-based company building spherical (small aspect-ratio) tokamaks using HTS magnets. Conceptually the closest architectural peer to Pranos, with a longer operating history and existing demonstration devices (ST40, ST80-HTS), but serving primarily UK and European markets.
• MIFTI (Magneto-Inertial Fusion Technologies): US-based company pursuing magnetized target fusion, similar to General Fusion. Competes in the private fusion landscape for similar capital and customer milestones, though at smaller scale than Pranos's primary peers.
• TAE Technologies: US-based fusion company pursuing field-reversed configuration (FRC) plasma, an alternative to the tokamak approach. Competes for the same private fusion capital pool and utility customers, but with a different physics architecture and a longer operational track record (founded 1998).

Emerging players

• Renaissance Fusion: European (France-based) startup developing HTS-magnet stellarator technology. Shares Pranos's reliance on HTS magnets as enabling hardware but pursues stellarator geometry rather than tokamak; operates in a different geography with comparable funding scale.
• Energy Singularity: China-based fusion company building a tokamak with HTS magnets, conceptually similar to Pranos's PRAGYA approach. Operates in the Chinese market with significant domestic backing; relevant geographic and technical parallel in the Asian fusion landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pranos-fusion
• Xx.com/PranosFusion

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pranos Fusion