Marvel Fusion, a Munich-based fusion energy company, recently extended its Series B funding by €50M to reach a total of €113M in this round. Overall, the company has raised €385M, which includes significant private investment and public cooperation funds. This latest funding round is backed by new investors such as EQT Ventures and Siemens Energy Ventures, and it aims to transition Marvel Fusion from research to industrial deployment, including the construction of a $150M laser facility at Colorado State University. CEO Moritz von der Linden expressed optimism about the support from EIC Fund, EQT Ventures, and Siemens Energy in realizing their fusion prototype.
Needless to say, solving fusion would be a generation-defining moment for humanity. We've followed the fusion space since the early days of EQT Ventures. The exceptional team at Marvel Fusion has proven time and again that fusion energy is within reach, and we are more than excited to partner with them.
Welcoming the EIC Fund, EQT Ventures and Siemens Energy to our shareholder board is fantastic; it gives us the financial and operational backing for executing the required milestones towards building the world's first fusion prototype.
We have long been involved with Marvel Fusion, contributing our expertise and we look forward to advancing the potential of fusion energy through this exciting collaboration.
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