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 build a prototype facility by 2032 and aims to have a commercial fusion power plant operational by 2036.
Founded in 2019 by CEO Moritz von der Linden, Marvel Fusion is a technology company providing laser-based nuclear fusion to provide clean, safe, and reliable energy. Their approach utilises inertial confinement fusion, where ultra-short pulse lasers target nano-structured fuel capsules to initiate fusion reactions.
FinSMEs
01/04/2025