ScienceSilicon Republicabout 2 hours ago
Munich-based fusion energy start-up Proxima raises €411m
1 min read
Munich-based fusion energy startup Proxima raised €411m in a funding round led by XTX Ventures and East X Ventures, with RWE and Google as strategic investors. The round brings Proxima's valuation to €2.4bn and is the largest-ever private investment in European fusion. The funding will build Alpha, a net-energy stellarator demonstrator near Munich targeted for the early 2030s.
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