About Nuclear Energy sector in India
The Nuclear Energy sector in India comprises 33 companies, including 5 funded companies having collectively raised $11M in venture capital money and private equity. Out of these, 3 are Series A+ funded.
Nuclear Energy sector in India has seen 2 acquisitions. This represents almost 6.1% of all such companies - which is higher than the 4.0% exit rate of tech companies in general.
This sector includes companies involved in the generation of nuclear energy and providing technologies to enable nuclear energy-based electricity generation.
Nuclear Energy sector is also known as Nuclear Power.
All companies that develop or are researching to develop equipment and processes to generate power and heat using nuclear energy both in fission and fusion form. Also includes companies that are a part of the nuclear fuel cycle, including uranium enrichment of fuels. Companies that are consultants for designing of power plants, Uranium mining companies and dedicated fuel storage companies. Also all Government entities have been kept outside the purview of the scope are excluded.
Top Nuclear Energy Companies in India
There are 33 Nuclear Energy startups in India which include Steag, Pranos Fusion, Hylenr, Nucleonix, Avasarala. Out of these, 5 startups are funded, with 3 having secured Series A+ funding.
2026 has seen the creation of 5 Nuclear Energy startups in India. Over the past 10 years, an average of 1 new company has been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Bombay and Indian Institute of Science.
Here is the list of top Nuclear Energy startups in India
1. Steag
Provider of engineering operations and maintenance services for power plants. The business manages technical processes for coal and gas energy assets. Offerings include power plant simulators for training purposes, emission control technology, and management advisory services. Operations involve technical support for conventional and renewable energy systems across multiple generation capacities.
Key facts about Steag
- Founded Year: 2001
- Location: Noida (India)
- Stage: Acquired
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 3 of 511 Competitors
Developer of tokamak technology to commercialize fusion energy for power. This organization engineers integrated systems for fusion energy production, focusing on small aspect-ratio tokamak designs. The technical stack includes specialized design and control software, advanced plasma control testbeds, and high-temperature superconducting magnets. These components are developed to enhance reactor performance, efficiency, and stability. By combining expertise in plasma physics, computational simulation, and magnet engineering, the entity works to standardize reactor designs and facilitate the transition toward scalable fusion energy generation. The approach emphasizes the integration of hardware and software to bridge the gap between theoretical concepts and operational machines.
Key facts about Pranos Fusion
- Founded Year: 2024
- Location: Bengaluru (India)
- Stage: Seed
- Total Funding till date: $7.22M
- Investors: Ankur Capital, pi Ventures and 4 Others
- Latest Funding Round: Seed, Mar 24, 2026, $*****
- Tracxn Score: 47/100 What is this?
- Competitors Rank: 20 of 77 Competitors
3. Hylenr
Provider of groundbreaking low-energy nuclear reactor technology utilizing cold fusion principles. It is a pioneering company that has developed a groundbreaking Low Energy Nuclear Reactor (LENR) technology, leveraging cold fusion principles to generate clean energy. This innovation has the potential to transform the energy sector by offering a sustainable and low-cost solution. With its patent-protected technology, Hylenr is poised to make a significant impact in the global clean energy landscape.
Key facts about Hylenr
- Founded Year: 2024
- Location: Hyderabad (India)
- Stage: Seed
- Total Funding till date: $3.46M
- Investors: Valour Capital, Chhattisgarh Investments and 15 Others
- Latest Funding Round: Seed, Jul 23, 2025, $*****
- Tracxn Score: 46/100 What is this?
- Competitors Rank: 21 of 77 Competitors
4. Nucleonix
Manufacturer of nuclear radiation measuring and allied instrumentation. This business designs, develops, and supplies radiation detection equipment, counting systems, and monitoring solutions for research, industrial, and security applications. The product range includes detectors, probes, portable survey meters, area monitors, and personnel contamination systems. These instruments support various sectors including education, healthcare, defense, and environmental monitoring. The company provides specialized hardware and embedded software for data acquisition, fault diagnostics, and networking capabilities. Technical offerings include modular counting systems, spectroscopy equipment, and integrated detection solutions for chemical, biological, and radiological threats.
Key facts about Nucleonix
- Founded Year: 2002
- Location: India
- Stage: Unfunded
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 2 of 3 Competitors
5. Avasarala
Manufacturer of equipment for nuclear power, aerospace, and medical sectors. The company designs and produces specialized equipment including radiation shielding, heat pipes for spacecraft, and automation solutions for various industries. Their offerings also encompass factory automation systems and conveyor solutions.
Key facts about Avasarala
- Founded Year: 1985
- Location: Bengaluru (India)
- Stage: Acquired
- Investors: Ultimate Medical, Canbank Venture Capital Fund and 4 Others
- Tracxn Score: 37/100 What is this?
- Competitors Rank: 4 of 370 Competitors
Companies founded year-on-year in the Nuclear Energy sector in India
5 new startups have been founded so far in 2026 in the Nuclear Energy sector in India. This is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 5 |
2025 | - |
2024 | 3 |
2023 | - |
2022 | 1 |
2021 | 1 |
2020 | 2 |
2019 | - |
2018 | - |
2017 | - |
Stage-wise distribution of Nuclear Energy sector companies in India
Out of the total 33 Nuclear Energy companies in India, 5 have secured funding. Among them, 3 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 33
Funded - 5
Series A+ - 3
Series B+ - 2
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 33 |
Funded | 5 |
Series A+ | 3 |
Series B+ | 2 |
Series C+ | 2 |
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Funding Trends in the Nuclear Energy sector in India
Total funding year-on-year in the Nuclear Energy sector in India
The Nuclear Energy sector in India saw a total funding of more than $11M in the last 10 years. The most amount of funding has been in 2026 at more than $6.8M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $6.8M |
2025 | $3.42M |
2024 | $756K |
Recent Funding Rounds in Nuclear Energy in India
In the year 2026, till March 2026, Nuclear Energy companies in India have raised $6.8M in equity funding across 1 round.
Here are some recent, important funding rounds in Nuclear Energy companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4408 | Mar 24, 2026 | and 3 more | |
Seed | 8275 | Jul 23, 2025 | ||
Seed | 2883 | May 14, 2025 | ||
Seed | 5821 | Dec 23, 2024 | ||
Angel | 6577 | Nov 21, 2024 |
Top Investors in Nuclear Energy in India
Lightspeed Venture Partners is the top investor in Nuclear Energy companies in India based on number of companies invested.
Here are some top investors in Nuclear Energy companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | - | |
Los Angeles (United States) | - | |
Singapore (Singapore) | - | |
Mumbai (India) | ||
Mumbai (India) | - |
M&A activity in Nuclear Energy sector in India
In the year 2026, till March 2026, 1 acquisition happened in Nuclear Energy sector in India.
Here are some recent, important acquisitions in Nuclear Energy sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Mar 20, 2026 | ||
Business Acquisition | Jul 15, 2022 |
Acquisition trends in Nuclear Energy sector in India
Here are the acquisition trends in Nuclear Energy sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
Colleges which produce the most Nuclear Energy companies in India
Companies founded by alumni from top colleges in the Nuclear Energy in India
Most number of Nuclear Energy startups in India have been founded by alumni from BITS Pilani, IIT Bombay and Indian Institute of Science.
College | No. of companies |
|---|---|
BITS Pilani | 1 |
IIT Bombay | 1 |
Indian Institute of Science | 1 |
Total funding in Nuclear Energy companies founded by alumni from top colleges in India
In the last 10 years, BITS Pilani graduates' Nuclear Energy companies in India have raised the most funding among top colleges. Indian Institute of Science alumni are second.
College | Total Funding |
|---|---|
BITS Pilani | $7.22M |
Indian Institute of Science | $3.46M |
IIT Bombay | - |
Top News in Nuclear Energy in India
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