Earth VC Backs Aalo Atomics with $27M Investment to Advance Sustainable Nuclear Power

Earth Venture Capital (Earth VC), a climate tech venture capital firm based in Vietnam, has participated in Aalo Atomics‘ $27 million Series A funding round. With this investment, Earth VC aims to support nuclear power as a crucial solution to the fossil fuel crisis. The funding round is led by 50Y and Valor Equity Partners, with additional contributions from Harpoon Ventures, Alumni Ventures, and Preston-Werner Ventures.

The Series A round, in which Earth VC is a key investor, highlights a growing interest in sustainable energy technologies. 

Aalo Atomics, a U.S.-based nuclear energy startup, is now planning to leverage this capital to develop innovative nuclear solutions.

Aalo Atomics is leading a new wave in nuclear energy, developing small reactors in gigafactories to provide scalable and cost-effective clean energy solutions. The startup’s approach involves using sodium as a coolant in its microreactors, paired with uranium zirconium hydride fuel. 

Additionally, Aalo Atomics will build a non-nuclear prototype to validate its technology and prepare for the commercial release of its Aalo Fuel. These steps are crucial for scaling operations and meeting the growing electricity demands driven by artificial intelligence and data center advancements.

Aalo Atomics has made significant progress in just over a year, moving from a $6.26 million seed round to Series A funding. The company has assembled a team of experts and completed the conceptual design of its Aalo-1 reactor. Strategic agreements, such as a memorandum of understanding with the Department of Energy and plans to deploy reactors at the Idaho National Laboratory, position Aalo Atomics as a key player in the nuclear energy sector.

Aalo Atomics’ efforts come when nuclear energy is experiencing renewed interest and support. Following a period of stagnation in the 1980s, nuclear power garners attention from investors and policymakers, including Bill Gates and Jeff Bezos, who are funding startups focused on developing advanced nuclear technologies. This renewed focus aims to address the climate crisis by reducing reliance on fossil fuels and exploring new, innovative energy solutions.

“We’re on a mission to make small nuclear reactors in gigafactories,” Aalo Atomics Chief Executive Officer Matt Loszak said in an interview.“The goal is predictable low costs and a short construction timeline, making clean energy a reality, any place, any time.” 

Tien Nguyen, Founding Partner at Earth VC, emphasized the crucial role of nuclear energy in achieving global climate goals. “The path to net zero simply doesn’t exist without nuclear energy,” Nguyen stated. “Aalo Atomics’ groundbreaking innovations—modular reactors, advanced liquid coolant systems, and UZrH fuel—are setting a new benchmark for safety and scalability in the industry.” The firm’s partnership with the Idaho National Laboratory highlights its commitment to advancing nuclear technology and ensuring it meets the highest standards of safety and sustainability.

In addition to its investment in Aalo Atomics, Earth VC recently participated in a strategic funding round for the U.S.-based cultivated meat startup Orbillion Bio. 

This investment, co-led by The Venture Collective and At One Ventures and joined by Y Combinator and Metaplanet, has brought Orbillion Bio’s total funding to $15 million. This move reflects Earth VC’s broader strategy of supporting innovative technologies with the potential to address major global challenges.

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