French Startup Otrera secures €2.5M to drive development of modular, next-generation nuclear reactors
Summary
This funding round brought together a distinguished consortium of industrial and financial investors, including Exergon (Audacias decarbonization fund), Invest For The Future (IFTF), CEA Investissement, R\xc9EL International, Groupe ADF, EKIUM-Groupe SNEF, AXE CAPITOLE, and FORTIL. Built on five decades of French research and innovation, further enriched by the advancements of the Astrid project, the SFR stands as a testament to Otreras commitment to sustainability and technological excellence.Fr\xe9d\xe9ric Varaine, Founder and President of Otrera, emphasizes the strategic significance of this investment:"Securing the trust of leading industrial players is not just a financial milestoneit is the foundation of our future supply chain. Our goal is clear: to enable energy sovereignty while delivering impactful decarbonization solutions for industries across Europe. With the support of its partners, Otrera is poised to become a cornerstone of the European energy transition, contributing decisively to a low-carbon future.Otrera is an innovative French company dedicated to the development of next-generation nuclear reactors. Led by Fr\xe9d\xe9ric Varaine, President, and Gr\xe9gory Cherbuis, Deputy CEO, the company employs over 25 team members and is headquartered in Aix-en-Provence, France.Media InquiriesFor further information, interviews, or additional requests, please contact: