Nuclear technology startup HYLENR secures funding for the commercial deployment of low-energy nuclear reaction systems.
Clean Energy Startup HYLENR Secures $3 Million Pre-Series A Funding
HYLENR Technologies, a pioneering clean energy company based in Hyderabad, India, has successfully closed a $3 million Pre-Series A funding round. The investment will accelerate the commercialization of the startup's groundbreaking Low Energy Nuclear Reactions (LENR) technology for industrial heat and power applications [1][2][3].
After surpassing the proof-of-concept stage, HYLENR is now running pilot programs with key government institutions and industrial partners to replace conventional fossil-fuel systems with sustainable alternatives [1][2][3]. The company's product range caters to various markets, offering 7.2 kW units for domestic consumption and 1 MW systems for large-scale industrial applications, targeting markets in the U.S., Europe, India, and Japan [1][2][3].
HYLENR's leadership team includes CEO Ram Ramaseshan, Chairman Siddhartha Durairajan, and Chief Innovation Officer Padma Shri Dr. Prahlada, known as the Missile Man of India [1]. The company's Chief Scientific Officer is Dr. Varaprasad.
With the fresh capital injection, HYLENR plans to expand its research and development, engineering, and international partnerships. The goal is to position LENR as a foundational technology in the post-carbon energy era by delivering scalable, clean, and energy-efficient thermal and electrical power solutions for industrial use [1][2].
The funding round was led by Valour Capital and Chhattisgarh Investments Limited. Valour Capital, a venture capital firm focusing on breakthrough startups with global impact, has shown a keen interest in cleantech, AI, biotech, and infrastructure [2]. Karan Goshar, Partner at Valour Capital, commented that HYLENR's LENR technology is disruptive and positions the company to play a key role in the global energy transition [2].
HYLENR aims to raise an additional $25 million in its next fundraising round, targeting strategic investors and Clean Energy focused funds from the U.S. and Europe. The funds will help the company scale its operations and further solidify its position in the clean energy market [1][2][3].
Siddhartha Durairajan, Chairman and Managing Director of HYLENR, stated that the recent lab results show unprecedented energy gain ratios, further validating the potential of LENR technology [1]. Individual investors Karthik Sundar Iyer and Anant Sarda also participated in the funding round.
PwC served as the company's advisor on the transaction, while Samvad Partners was their legal advisor [1]. Interested investors can learn more about HYLENR on their website at https://www.hylenr.com [1].
[1] https://www.hylenr.com [2] https://www.valour.capital [3] https://www.chhattisgarh.gov.in/investments-limited
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The investment secured by HYLENR Technologies will facilitate research and development in various sectors, including industrial heat and power applications, leveraging their Low Energy Nuclear Reactions (LENR) technology. To position LENR as a transformative technology in the post-carbon era, HYLENR aims to form international partnerships and collaborate with key players in the finance, technology, and energy industries.
