Address

Transmutex
Geneva
Switzerland

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VCID: 14396838
http://vcinvest.com/node/14396838
    Profile

    Corporate information

    Official name
    Transmutex SA

    Registration country
    Investment activity status
    Active investor

    Company type

    Nuclear engineering company.

    Overview

    Nuclear fission is a scalable, carbon-free energy source that requires little land use and is unaffected by geography or weather. However, the risk of nuclear accidents, like those in Chernobyl and Fukushima, can have severe consequences such as long-term environmental damage and health risks to nearby populations. Nuclear reactors also produce radioactive waste which remains hazardous for thousands of years and no way of permanent disposal for it has been found. As such, radioactive waste management is a $1 trillion global liability. Transmutex is pioneering a new type of nuclear fission reactor that uses a particle accelerator and existing long-lived radioactive waste and thorium to create green energy. Transmutex’ subcritical reactor eliminates the risk of uncontrolled chain reactions, and its particle accelerator stops all processes in 2 milliseconds after it loses power. Thorium-based reactors are also resistant to proliferation. Collaborating with esteemed research centers and industry leaders worldwide, Transmutex is dedicated to delivering a cutting-edge pilot plant within a decade, marking the dawn of a new era in nuclear energy.

    Funding rounds

    Change in valuation: unknown

    Profile Country Notes
    Steel Atlas Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    At One Ventures LP United States Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    HCVC Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    AlleyCorp Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Verve Capital Partners AG Switzerland Initial investment. Round participant.

    Change in valuation: unknown

    Profile Country Notes
    Union Square Ventures LLC Early stage venture capital firm United States Initial investment. Round participant.