Just over two years ago, Marvel Fusion secured 35 million euros in its first financing round. Now the nuclear fusion startup, which is working on laser-based fusion technology for energy generation, has significantly surpassed that amount. The company raised over 60 million euros through a Series B financing round.
Bayern Kapital, HV Capital, b2Venture, Tengelmann Ventures, Sprind, Deutsche Telekom, Earlybird Venture Capital, Athos, Primepulse, Plural Platform, and several European family offices are participating in the round. With the fresh capital, Marvel Fusion primarily plans to scale up production capacity. The company also plans to complete a full feasibility demonstration of its technology.
Marvel Fusion, founded in 2019, has developed a concept for generating fusion energy based on so-called ultrashort-pulse laser technology. The nanostructured fusion fuels used by the young company are brought to fusion using this laser technology. This approach promises higher fusion probability and eliminates challenges that have so far prevented the use of fusion energy, such as inefficient energy output.
Marvel Fusion plans fusion power plant within the next decade
In developing the required laser technology, the startup is supported by the German Federal Agency for Disruptive Innovation (Sprind). Through several experiments at the world’s most powerful laser systems, the company has demonstrated the physical foundations of its concept. The startup is confident that it can implement commercially viable fusion power plants for energy generation within the next decade.
As part of a public-private partnership between Colorado State University and Marvel Fusion, a high-performance laser facility is also being built on the CSU Foothills Campus. The technology is expected to be demonstrated there by 2027. Additionally, the startup has received a blended financing option of up to 17.5 million euros from the European Innovation Council (EIC) as part of its Accelerator programme.
Moritz von der Linden, CEO of Marvel Fusion, explains:
“With the funds from our successful Series B financing round and the financial commitment from the EIC, we are able to confirm the physical validity and feasibility of our technology according to power plant requirements. In parallel with building a demonstration facility in Colorado, the funds also enable us to advance the development of our technology, reduce its costs, and further optimize performance.”
Monika Steger, managing director of Bayern Kapital, comments:
“Marvel Fusion’s fusion concept is interesting both as a venture capital investment in the deeptech sector and for the overarching fusion strategy and future energy supply of the federal government and the Free State of Bavaria. The reason is clear: the global demand for clean and at the same time affordable energy on a large scale continues to grow. With Marvel Fusion, we are now supporting another of the leading fusion technology pioneers in the Free State.”
