Zap Energy

About

Zap Energy is an energy technology company that builds a fusion reactor that does not employ magnets.

Seattle,Washington,United States
101 - 250
https://www.zapenergyinc.com

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $160M
Industries: Energy,Nuclear,Renewable Energy
Founded date: Jan 1, 2017
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: ZAP ENERGY INC.

Zap Energy's fusion reactor 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. Zap Energy's reactor is the least expensive, most compact, most scalable solution with the shortest path to commercially viable fusion.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$202.80M

Zap Energy has raised a total of $202.80M in funding over 2 rounds. Their latest funding was raised on Jun 7, 2022 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 7, 2022	Series C	$160M	8	Lowercarbon Capital	—	Detail
May 5, 2021	Series B	$27.50M	6	Addition	—	Detail
Jul 12, 2020	Series A	$6.50M	2	—	—	Detail
Apr 20, 2020	Grant	$1M	—	—	—	Detail
Dec 10, 2019	Non-Equity Assistant	$1M	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

10

Zap Energy is funded by 10 investors. Lowercarbon Capital and Addition are the most recent investors.

Investor Name	Lead Investor	Funding Round
Lowercarbon Capital	Yes	Series C
Addition	—	Series C
Breakthrough Energy Ventures	—	Series C
Chevron Technology Ventures	—	Series C
DCVC	—	Series C
Energy Impact Partners	—	Series C
Shell Ventures	—	Series C
Valor Equity Partners	—	Series C
Fourth Realm	—	Series B
GA Capital	—	Series B