Novatron Fusion Group secures new partners in recent funding round
Novatron Fusion Group (NFG) recently closed a successful Series A1 funding round, raising €10 million in equity. The oversubscribed round saw participation from both new and existing investors, marking a significant step toward fossil-free energy independence.
Lead investor St1 played a crucial role, contributing not only capital but also invaluable business, industrial, and regulatory expertise. As the largest institutional shareholder, St1 is expected to provide long-term value and support for NFG’s roadmap to commercialize fusion energy.
“We believe that NFG has a game-changing formula. As a new board member and an owner with a long-term mindset, we are excited to help accelerate the work towards limitless fossil-free energy.”
In addition to St1, new investors such as TomEnterprise, Unit E Limited, and Axon Partners Group participated in the round.
“At Axon, we seek to back game-changing technologies that redefine industries. Fusion energy is the holy grail of the energy transition, and NFG’s approach has the potential to make it a reality. This investment is not just about funding innovation—it’s about shaping the future of global energy.”
Erik Odén, founder and chairman of NFG; Henrikki Talviti, CEO of St1 and new board member of NFG; Peter Roos, CEO of NFG; and Inger Frii-Fleerackers, project manager of NOVATRON 1.
Existing investors Climentum Capital, Granitor, Industrifonden, and Santander InnoEnergy Climate Fund, driven by their strong belief in NFG’s vision, continued their support by participating in the funding round.
“Reliable energy supply and efficient resource allocation are critical issues for humanity from many perspectives. Novatron’s unique fusion technology, with its ingenious geometry, has all the attributes to realize the dream of clean and limitless energy production within a foreseeable time frame and without depleting the Earth’s finite resources.”
“We believe in making science-backed, scalable investments that can shift the needle for society, and NFG’s technology has the potential to do just that. We’re impressed by their innovative approach and confident in their ability to revolutionize energy production together with renewables. We’re excited to continue supporting NFG on their journey and look forward to witnessing the transformative effects of their technology.”
Strategic, long-term partnerships with experienced actors and a strong network will be key to commercializing fusion energy. With the successful closing of this funding round, NFG has secured a diverse group of industrial and financial investors, providing a solid foundation of expertise and networks to support the next phase of its journey. NFG is now more prepared than ever to continue developing its groundbreaking NOVATRON fusion solution, aiming to provide fossil-free, safe, affordable, and abundant energy for all.
If you missed the media coverage of the investment round, an article in Swedish, Finnish and Norwegian is included below.