With defense needs rising and AI companies pushing the current energy infrastructure to its limit, the next major geopolitical tension will revolve around electricity. And for the first time, startups are entering domains that have historically been the preserve of governments.
Among them stands Aalo Atomics, a U.S.-based scale-up focused on a new generation of nuclear reactors. The company has just closed a new round of funding in which the Spanish platform Akka participated, along with international investors such as the Ontario Teachers’ Pension Plan.
Aalo is rethinking nuclear energy from the ground up: smaller, faster, cheaper to run. Its modular reactors are designed to deploy in a fraction of the time required by traditional plants, with significantly lower costs and safety engineered in from the design phase. If this approach takes hold, it could completely redefine how we generate energy.
The proposal is clear: standardize and mass-produce reactors as if they were hardware. This would accelerate deployment, cut costs, and scale from energy supply for data centers — beginning with its first product, Aalo Pod — to powering entire cities.
The ambition is bold: electricity at 3 cents per kWh. A radical shift when compared to current prices, which run about 20 to 40 cents in Europe and between 10 and 20 cents in the United States.
Founded by Matt Loszak and Yasir Arafat, Aalo has assembled a world-class team with experience from companies such as Microsoft, Google, SpaceX, Neuralink, Shell, Harvard University, Amazon, and MIT. To date, Aalo has raised more than $136 million and is positioning itself as one of the most innovative startups in modernizing nuclear energy at a moment when the world is demanding new energy solutions.
“Energy will be one of the great challenges of the coming decades,” says Javier Desantes, CEO of Akka Spain. “Aalo is the fastest company in the nuclear space, tackling this challenge with disruptive engineering and agile execution. We’re excited to bring this opportunity to our investors and accompany them on their evolution.”
