# Zap Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zap-energy

- Industry: Power & Utilities
- Headquarters: Everett, US
- Website: www.zapenergyinc.com
- Total disclosed funding: $194M
- Latest round: Series D (Jul 15, 2024)
- Investors on record: 15

## About

Based in the US, Zap Energy Inc is a fusion energy technology company focused on developing advanced fusion power systems that operate without magnets, aiming to provide a sustainable energy source.Zap Energy Inc, founded in 2017 and headquartered in Everett, US, specializes in developing controlled nuclear fusion technology. The company has completed several funding rounds, with its most recent transaction being a Series C round in July 2024, which raised USD 162.60 mn led by Lowercarbon Capital. The founders, Frederik S. and Uri Shumlak, have backgrounds in engineering and energy technologies. Zap Energy has successfully executed a total of 4 significant deals since its inception, with a focus on establishing firm partnerships within the energy sector.Zap Energy specializes in advanced fusion power technology that operates without magnets, positioning itself as an innovative player in the energy sector. The company's core offerings revolve around proprietary methods for achieving controlled nuclear fusion, aimed at providing a clean, sustainable, and virtually limitless energy source. The technology addresses the global energy crisis by offering a viable alternative to fossil fuels and traditional nuclear power, which come with significant environmental concerns. The end use cases primarily target energy generation for industrial applications, with potential expansions into commercial and residential markets as the technology matures.Zap Energy generates revenue through strategic partnerships and business-to-business transactions with entities invested in next-generation energy solutions. The revenue structure includes long-term contracts and collaborations with energy companies and research institutions focused on fusion technology. Although exact pricing plans are not publicly specified, transactions likely encompass service agreements involving technology licenses or joint ventures for fusion research and development, establishing a framework for consistent revenue flow as its products progress toward commercial viability.In July 2024, Zap Energy Inc. raised USD 130 mn in Series D funding led by Soros Fund Management, with participation from several other investors. This investment aims to bolster sustainable clean energy development, contributing to carbon neutrality and enhancing Japan's industrial competitiveness. The company plans to leverage this funding to launch new fusion technology products and expand its market presence, particularly targeting regions with a strong focus on sustainable energy solutions by the end of 2025. Zap Energy intends to enhance its strategic partnerships to facilitate its growth and push the boundaries of fusion energy.

## Funding rounds

- Series D, Jul 15, 2024 — Chevron Technology Ventures, Soros Fund Management, DCVC, Shell Ventures, Energy Impact Partners, Breakthrough Energy Ventures, Addition, Mizuho Financial Group, Lowercarbon Capital, BAM Elevate, Emerson Collective, Leitmotif
- Series C, May 24, 2022, $163M — Valor Equity Partners, Chevron Technology Ventures, DCVC, Shell Ventures, Energy Impact Partners, Breakthrough Energy Ventures, Addition, Lowercarbon Capital
- Series B, Apr 20, 2021, $25M — Chevron Technology Ventures, GA Capital Management, Energy Impact Partners, Addition, Lowercarbon Capital, Fourth Realm Ventures
- Series A, Jul 12, 2020, $6.5M — Chevron Technology Ventures, Lowercarbon Capital

## Investors

- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series A, Series B, Series C, Series D
- Lowercarbon Capital (https://capitalatlas.ai/funds/lowercarbon-capital) — Series A, Series B, Series C, Series D
- GA Capital Management (https://capitalatlas.ai/funds/ga-capital-management) — Series B
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series B, Series C, Series D
- Addition (https://capitalatlas.ai/funds/addition) — Series B, Series C, Series D
- Fourth Realm Ventures (https://capitalatlas.ai/funds/fourth-realm-ventures) — Series B
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series C
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series C, Series D
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series C, Series D
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series C, Series D
- Soros Fund Management — Series D
- Mizuho Financial Group — Series D
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series D
- Emerson Collective — Series D
- Leitmotif (https://capitalatlas.ai/funds/leitmotif) — Series D