Axon Partners Group, together with St1 and a consortium of investors, has participated in the Series A1 funding round of Novatron Fusion Group (NFG), a pioneering company developing fusion energy solutions. This investment marks a major step forward in accelerating the development of fusion technology—an abundant, clean, and virtually limitless energy source.
Through its Next Technology Ventures II fund, which specializes in energy transition and sustainability, Axon reinforces its commitment to breakthrough innovation in the energy sector. This funding round also establishes a long-term strategic partnership between Novatron and St1, a relevant energy corporation from Finland. Leveraging its global network and expertise, St1 will play a key role in driving the project forward and reducing the world’s dependence on fossil fuels.
As we start preparing for industrialization, we need to secure these types of partners that can contribute with experience, an extensive global network, and a strong position in the energy market,´says Peter Roos, CEO of Novatron Fusion Group.
With this investment, Axon strengthens its focus on financing disruptive technologies that drive sustainability and social impact.
At Axon, we seek to back game-changing technologies that redefine industries. Fusion energy is the holy grail of the energy transition, and Novatron’s approach has the potential to make it a reality. This investment is not just about funding innovation—it’s about shaping the future of global energy, said Álvaro Pascual, member of Axon’s investment team.
Developed by leading scientists and engineers, NOVATRON’s technology is positioned as a game-changing concept with the potential to revolutionize the energy industry. With this new funding, Novatron Fusion Group will accelerate the development of its prototype and advance to the next stage—bringing the future of clean energy closer to reality.
