Proxima Fusion, a Munich-based deeptech startup working on developing fusion power plants has extended its Pre-Seed round to €7.5 million, welcoming a host of unicorn founders, family offices, and industry leaders to the table.
Tech.eu first reported on Proxima Fusion in late May. Since that time, the company reports that a number of leading scientists and engineers from TUM, EPFL, Stanford, MIT, Harvard, Lilium, Tesla, and Google are relocating to Munich to work on what has the potential to be the world’s first commercial fusion power plant leveraging a quasi-isodynamic stellarator configuration of energetic ions at low plasma beta.