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NANO Nuclear Energy Inc. Announces Closing of Oversubscribed $4.14 Million Round, Led by Former Transportation Executives to Fund the Research & Development of 'ZEUS' Portable Advanced Nuclear Micro Reactor and its Next Phase of Growth

By District Energy posted 02-15-2023 12:40


Globe Newswire


NANO Nuclear Energy Inc. (“NANO Nuclear”), a company emerging from the shared micro Small Modular Reactor (µSMR) and Advanced Nuclear Reactor (ANR) ambitions of a world class nuclear technical team filled with influential and foremost nuclear experts in the field, working alongside business and industry professionals, possessing strong relationships with both government, and the private and public nuclear industries, is pleased to announce that it has closed an oversubscribed $4.14 Million funding round led by former senior freight and logistics executives. The largest of these investors include a former c-suite level executive of the largest transportation company in the world and their colleagues.

“It is a great pleasure to announce this successful raise and embark on the next steps of our growth strategy,” said Jay Jiang Yu, NANO Nuclear Energy’s Founder, Chairman and President. “The money raised will be used to further the Company’s numerous efforts to disrupt, revolutionize and progress the sustainable, carbon free and nuclear energy industry. Further, the support of former transportation executives is an important facet as we strive to utilize the existing shipping and logistics infrastructure in the future to distribute “ZEUS”, our proprietary advanced nuclear micro reactor design.”

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