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Hyderabad: Hyderabad-based clean energy startup HYLENR, which is backed by Padma Shri Dr Prahlada renowned as the "Missile Man of India" for his work on the Akash missile as its chief innovation officer, announced on Wednesday the successful closure of approximately $3.0 million in strategic Pre-Series A funding to accelerate product commercialization.
The funding round was led by Valour Capital and Chhattisgarh Investments Limited, early-stage investors specializing in deep-tech and energy transition technologies.
Individual investors Karthik Sundar Iyer and Anant Sarda also participated in the round. PwC served as the company's transaction advisor, while Samvad Partners provided legal counsel. This capital injection will enable HYLENR to fast-track its transition from pilot projects to market launch, signaling growing investor confidence in Low Energy Nuclear Reactions (LENR) as a viable alternative to fossil fuels. HYLENR harnesses patented Low Energy Nuclear Reactions (LENR) technology to develop scalable, carbon-free heat energy systems for industrial heating and power applications.
“HYLENR’s LENR technology is disruptive. It represents a leap forward in redefining how the world approaches industrial heat and energy generation. What excites us most is the scalability and safety profile of their systems, coupled with the perfect mix of technological and entrepreneurial expertise within the team, which positions HYLENR to play a key role in the global energy transition. We are thrilled to back a team delivering transformative technology,” said Karan Goshar, Partner at Valour Capital.
Pilot projects are already underway with leading government institutions and industrial players, aimed at replacing conventional fossil-based systems with sustainable, next-generation alternatives. The company’s product pipeline includes products ranging from 7.2KW for domestic consumption all the way to 1MW for large-scale industrial applications.
“We believe LENR has the potential to be the safest and most energy-efficient thermal and electrical generation technology of the future,” said Siddhartha Durairajan, Chairman and Managing Director of HYLENR.
He added that their recent lab results show unprecedented energy gain ratios, and this round gives them the momentum to focus on their product roadmap. “We have begun early proof-of-concept tests, with several government bodies and large corporations showing interest in our LENR systems. The next phase will focus on scaling manufacturing and expanding globally,” he said.
With its next fundraising round of USD 25 Million targeted with strategic investors and with Clean Energy focused funds from the U.S. and Europe, HYLENR aims to build on this momentum and expand its R&D, engineering, and international partnerships.
“This round is a vote of confidence in both our technology and our mission,” said Ram Ramaseshan, Co-Founder, Executive Director and CEO of HYLENR. “We have moved beyond proof-of-concept into a phase where LENR can begin to address real-world energy challenges. This funding allows us to accelerate product development and market reach, addressing industry needs for clean, high-yield thermal and electrical energy solutions in the US, Europe, India and Japan markets,” he added.