HYLENR Secures $3 Million to Propel LENR Technology for Carbon-Free Energy

HYLENR, an innovative clean energy startup, announced the successful closure of its $3 million strategic Pre-Series A funding round. The investment, led by Valour Capital and Chhattisgarh Investments, sets the stage for the company to accelerate the commercialization of its groundbreaking Low Energy Nuclear Reactions (LENR) technology, aimed at providing scalable, carbon-free heating solutions.

This funding round saw participation from notable individual investors, including Karthik Sundar Iyer and Anant Sarda. With advisory support from PwC, HYLENR is now poised to move from pilot projects to full market launch, with heightened investor confidence in LENR as a sustainable alternative to fossil fuels.

HYLENR plans to use the fresh capital to bolster its product roadmap, engage in early proof-of-concept tests, and expand manufacturing capabilities globally. The company underscores that LENR technology is a key player in the global energy transition, as it promises safer and more energy-efficient thermal and electrical generation solutions.

(With inputs from agencies.)