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Google-backed nuclear energy firm TAE Technologies raises USD 280 million


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The company, which did not disclose its latest valuation, was valued at $2.6 billion after raising funds in May 2019, according to data platform PitchBook
TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on Thursday it had raised $280 million from new and existing investors, including Google and New Enterprise Associates.
The company, which did not disclose its latest valuation, was valued at $2.6 billion after raising funds in May 2019, according to data platform PitchBook. Including the latest funding, TAE has raised $880 million till date.
The fresh capital will mostly be deployed to commercialize TAE`s power management technology, which is used for electrical grid applications and faster charging of electric vehicles, the company said. ....

United States , Enterprise Associates , Kuwait Investment Authority , Tri Alpha Energy , Charles Schwab , New Enterprise , Kuwait Investment , ஒன்றுபட்டது மாநிலங்களில் , நிறுவன கூட்டாளிகள் , குவைத் முதலீடு அதிகாரம் , திரி ஆல்பா ஆற்றல் , சார்லஸ் ஸ்க்வாப் , புதியது நிறுவன , குவைத் முதலீடு ,

Google-backed TAE Technologies raises $280 million from new,


Google-backed TAE Technologies raises $280 million from new, existing investors
Reuters | Apr 08, 2021 09:45 PM EDT
The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, (Photo : REUTERS/Charles Platiau/File Photo)
 TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on Thursday it had raised $280 million from new and existing investors, including Google and New Enterprise Associates.
The company, which did not disclose its latest valuation, was valued at $2.6 billion after raising funds in May 2019, according to data platform PitchBook. Including the latest funding, TAE has raised $880 million till date. ....

United States , France General , La Defense , Enterprise Associates , Kuwait Investment Authority , Tri Alpha Energy , Charles Schwab , File Photo , New Enterprise , Kuwait Investment , ஒன்றுபட்டது மாநிலங்களில் , பிரான்ஸ் ஜநரல் , லா பாதுகாப்பு , நிறுவன கூட்டாளிகள் , குவைத் முதலீடு அதிகாரம் , திரி ஆல்பா ஆற்றல் , சார்லஸ் ஸ்க்வாப் , கோப்பு புகைப்படம் , புதியது நிறுவன , குவைத் முதலீடு ,