Zap Energy is a startup that's disrupting the energy industry with its innovative fusion technology. Their approach involves stabilizing plasma through sheared flows, avoiding the reliance on magnetic fields. By driving electric current through the flow and generating a magnetic field that confines and compresses the plasma, they've achieved remarkable results. As the current increases, so do the pressure and density within the plasma. Notably, this flow-stabilized Z-pinch method offers compelling fusion economics and demands less capital compared to traditional fusion technologies. Having received a $130.00M Venture Round investment on 30 July 2024, Zap Energy is solidifying its position as a game-changer in the Energy, Renewable Energy, and Clean Energy sectors. As they continue to advance, it's clear that their unique approach has caught the attention of investors and is poised to make a significant impact in the energy space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | $130.00M | - | 30 Jul 2024 | |
Grant | $5.00M | 1 | US Department of Energy | 31 May 2023 |
Series C | $160.00M | 8 | 07 Jun 2022 | |
Series B | $27.50M | 6 | 05 May 2021 | |
Series A | $6.50M | 3 | Grantham Foundation | 12 Jul 2020 |
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