What is Aalo?
Aalo is at the forefront of nuclear energy innovation, designing and building compact nuclear reactors intended for widespread application, from powering small datacenters to large cities. The company's flagship product, the Aalo-1, is a 10 MWe reactor inspired by the designs of Idaho National Laboratory's MARVEL project. Aalo's core objective is to drastically reduce the cost of electricity, targeting an unprecedented 3¢ per kWh, which could revolutionize energy markets and accelerate the transition to clean, reliable power.
How much funding has Aalo raised?
Aalo has raised a total of $127M across 2 funding rounds:
Series A
$27M
Series B
$100M
Series A (2024): $27M with participation from Crosscut, Harpoon Ventures, Valor Equity Partners, and SNR Associates
Series B (2025): $100M led by Harpoon Ventures, Alumni Ventures, Hitachi Ventures, Fifty Years, Valor Equity Partners, NRG Energy, Gaingels, Fine Structure Ventures, Kindred Ventures, VamosVentures, and Crosscut Ventures Management
Key Investors in Aalo
Harpoon Ventures
Harpoon Ventures is an investment firm focused on backing bold leaders who are developing mission-critical technologies across various sectors, including AI, deep tech, software infrastructure, and cybersecurity. Founded in 2018, the firm aims to restore American technological leadership and ensure strategic advantages for future generations.
Valor Equity Partners
Valor Equity Partners provides financial services to businesses in the scope of investment activities. This company is headquartered in Chicago, Illinois and was established in 2001.
Hitachi Ventures
Hitachi Ventures GmbH is a corporate venture firm that partners with ambitious founders to drive world-changing innovations across four core themes: Digital, Industrial, Environment, and Healthcare. With over $1 billion in assets under management, the company blends Hitachi's global power with innovative speed to support visionary entrepreneurs.
What's next for Aalo?
With substantial capital infusion from its recent Series B financing, Aalo is poised for significant expansion and technological advancement. The company is expected to focus on scaling its manufacturing capabilities, further refining its reactor designs for commercial deployment, and potentially initiating pilot projects to demonstrate the viability and cost-effectiveness of its technology. The strategic backing from a diverse group of investors, including those with expertise in deep tech, energy, and advanced manufacturing, suggests Aalo will leverage this capital to accelerate its path to market and solidify its position as a leader in next-generation nuclear energy.
See full Aalo company page
