Zanskar
Assembly Line
Zanskar Raises $30 Million to Accelerate Discovery of Geothermal Energy for Clean and Affordable Power
Zanskar Geothermal & Minerals, the leading geothermal exploration company, announced the closing of $30M in new funding led by Obvious Ventures. The round, which includes participation by previous investors such as Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, as well as newcomer Clearvision Ventures, enables Zanskar to scale its AI-led exploration technology to develop new geothermal resources. Zanskar will deploy the funds to accelerate technology development and advance its portfolio of greenfield power projects to serve new partnerships
Since its last fundraise in 2022, Zanskar has established itself as a leader in geothermal discovery. Public accomplishments include winning multiple contracts with the United States Department of Defense’s Defense Innovation Unit to explore new geothermal resources and advance their mission of energy resilience. In addition, its field data collection program collects more low-cost, early-stage field data every three months than what industry and academia combined did over the prior ten years. This early-stage field data program, in addition to rapidly iterating model predictions, enabled Zanskar to make more greenfield geothermal discoveries than the industry made over the prior ten years combined.
Zanskar Announces $12M Series A Funding for Geothermal Discovery Tech
Zanskar, a geothermal exploration and technology company, announced the closing of a $12 million Series A financing. Zanskar has positioned itself as the leading AI company for geothermal discovery, using its proprietary platform to identify and de-risk new geothermal energy resources. The financing was co-led by USV and Lowercarbon, with participation from new and existing investors, including Munich Re Ventures, Safar Partners, Grantham Environmental Trust, and First Star Ventures. Zanskar will deploy the funds to advance its mission, which is to make geothermal power the cheapest form of widely-deployable, firm, carbon-free power generation on the planet, by advancing new partnerships with geothermal developers and accelerating technology development. The company is currently hiring for a number of high-impact roles.