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On March 28th, Marvel Fusion, a laser fusion company from Munich, Germany, announced the completion of a B+round financing of 50 million euros, bringing the total amount of this round of financing to 113 million euros. It is reported that the company's cumulative financing has reached 385 million euros, making it the largest fusion company in Europe in terms of financing scale.
This capital increase has attracted new investments from EQT Ventures, Siemens Energy Ventures, and the European Innovation Council (EIC) Fund (the latter being the first to invest in nuclear fusion equity), with existing investors Tengelmann Ventures and Bayern Kapital continuing to follow suit.
This round of financing will accelerate the company's transition from the research and development stage to industrial deployment, including:
We are currently collaborating with Colorado State University (CSU) to build a laser facility worth 139 million euros
Deepen strategic cooperation with Siemens Energy and jointly develop conceptual design for fully integrated fusion power plants
Source: Yangtze River Delta Laser Alliance