Tech Company Financing Transactions
Zap Energy Funding Round
On 6/22/2022, Zap Energy raised $160 million in Series C funding from Lowercarbon Capital, Breakthrough Energy Ventures and Chevron Technology Ventures.
Transaction Overview
Company Name
Announced On
6/22/2022
Transaction Type
Venture Equity
Amount
$160,000,000
Round
Series C
Investors
Proceeds Purpose
We have been trying to harness the power of the sun to produce energy for many years, but after tens of billions of dollars and decades of research, fusion remains just out of reach.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
506 Second Ave. Smith Tower 1400
Seattle, WA 98104
USA
Seattle, WA 98104
USA
Phone
Undisclosed
Website
Email Address
Overview
Zap Energy's technology stabilizes plasma using sheared flows rather than magnetic fields. Driving electric current through the flow creates the magnetic field, which confines and compresses the plasma. The higher the current, the greater the pressure and density in the plasma. We are backed by an energy and technology-focused investor base, closing a Series B funding round in early 2021.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Scientific Officer
Uri Shumlak
Chief Technical Officer
Brian Nelson
President
Benj Conway
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