Blue Laser Fusion, a California-based laser fusion technology company, raised $25M in initial Seed funding.
Backers included JAFCO Group Co., Ltd. and SPARX Group Co., Ltd (Mirai Creation Fund III).
The company intends to use the funds to expand R&D operations in the Santa Barbara area and Tokyo to develop its prototype commercial reactor.
Founded in 2022 by Shuji Nakamura, President and CEO, Blue Laser Fusion is a technology company with new laser fusion technology that aims to accelerate the transition to a carbon-free electrified world using proprietary HB11 fuel. With over 200 claims in patent applications, BLF’s laser technology enables Mega Joule pulse energy laser with a fast repetition rate to achieve commercial fusion. The company plans to complete its first prototype in 2025, and then demonstrate a commercial-ready fusion reactor by 2030. The technology creates a complete clean energy system to supply electric power to homes, businesses and electric vehicles.
The company was founded in 2022 by Shuji Nakamura, Ph.D, 2014 Nobel Laureate in Physics and Professor at the University of California, Santa Barbara Hiroaki Ohta, Ph.D, General Partner of Waseda University Ventures (WUV), and Richard Ogawa, a Silicon Valley based attorney.
FinSMEs
27/07/2023