Aalo Atomics co-founders
Vietnam-based global climate tech VC firm Earth Venture Capital (Earth VC) has invested in US-based nuclear energy startup Aalo Atomics’s US$27 million Series A funding round.
Other investors in the round are 50Y and Valor Equity Partners (co-leads), Harpoon Ventures, Alumni Ventures, and Preston-Werner Ventures.
Aalo Atomics develops small reactors in gigafactories to deliver scalable, cost-effective, clean energy anywhere, anytime. It has made strategic agreements like a sitting MOU with the DOE and a pathway to deploy its Aalo-1 reactors at Idaho National Laboratory.
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The energy startup will use the funds to scale its team, establish a new Factory HQ in Austin, and continue de-risking the licensing process. The company is also set to build a non-nuclear prototype to validate its technology and prepare for its Aalo Fuel to hit the market.
“We’re on a mission to make small nuclear reactors in gigafactories,” Aalo Atomics CEO Matt Loszak said. “The goal is predictable low costs and a short construction timeline, making clean energy a reality, any place, any time.”
“The path to net zero simply doesn’t exist without nuclear energy,” said Tien Nguyen, Founding Partner at Earth VC. “Aalo Atomics’s groundbreaking innovations—modular reactors, advanced liquid coolant systems, and UZrH fuel—are setting a new benchmark for safety and scalability in the industry.”
In June, Earth Venture Capital made a strategic investment in US-based cultivated meat startup Orbillion Bio. This investment round was co-led by The Venture Collective and At One Ventures and joined by Y Combinator and Metaplanet. This brings its total funding raised to date to US$15 million.
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