Microreactor startup Antares raises $96M for land, sea, and space-based nuclear power

Share via:


Nuclear startup Antares said Tuesday it has raised $96 million in Series B funding as it pursues its small modular reactor design.

The round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others, consists of $71 million in equity and $25 million in debt.

Antares says it is targeting commercial, defense, and space-based applications with its R1 microreactor, which will produce between 100 kilowatts to 1 megawatt of electricity. The design uses TRISO fuel, which in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Microreactor startup Antares raises $96M for land, sea, and space-based nuclear power


Nuclear startup Antares said Tuesday it has raised $96 million in Series B funding as it pursues its small modular reactor design.

The round, which was led by Shine Capital with participation from Alt Capital, Caffeinated, FiftyThree Stations, Industrious, and others, consists of $71 million in equity and $25 million in debt.

Antares says it is targeting commercial, defense, and space-based applications with its R1 microreactor, which will produce between 100 kilowatts to 1 megawatt of electricity. The design uses TRISO fuel, which in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Three climate technologies breaking through in 2026

There’s a huge variety of proposals when it comes...

EU offers China EV tariff alternative with price floor...

The European Union has found a way to keep...

A.I. Has Arrived in Gmail. Here’s What to Know.

Google’s A.I. assistant, Gemini, can create a to-do list...

Popular

iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv