Hyderabad, Aug. 6 -- HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, today announced the successful closure of a strategic pre-Series A funding round of around USD 3.0 million to accelerate product commercialisation.
The round was led by Valour Capital and Chhattisgarh Investments Limited, early-stage investors focused on deep-tech/energy transition technologies.
Individual investors Karthik Sundar Iyer and Anant Sarda also participated. PwC served as the company's advisor on the transaction, while Samvad Partners was their legal advisor.
The fresh capital injection enables HYLENR to fast-track from pilot to market ...