AI-powered geothermal energy startup Zanskar raises $115 million…

Team S · 2026-01-26T14:41:25.000Z

Zanskar, a Salt Lake City, USA-based geothermal exploration and energy development company, has secured $115 million in a Series C funding round to expand its AI-driven platform for discovering and developing carbon-free geothermal energy resources and to begin constructing power plants across the Western United States. The company combines artificial intelligence, modern drilling techniques, and computational geoscience to identify hidden geothermal hotspots-including resource zones without obvious surface indicators- aiming to reduce exploration risk, lower discovery costs, and accelerate baseload clean power deployment. This funding marks one of the largest climate-tech investments in geothermal this year as developers seek firm, round-the-clock clean energy to support electrification, grid reliability, and industrial and data-center demand. In this Series C round, Spring Lane Capital led the investment, joined by returning and strategic backers including Obvious Ventures, Union Square Ventures, and Lowercarbon Capital, alongside additional institutional and strategic partners such as Munich Re Ventures, Susquehanna Sustainable Investments, StepStone Group, UP Partners, Cross Creek, Clearvision Ventures, Orion Industrial Ventures, Safar Partners, Imperative Ventures, University Growth Fund, GVP Climate, Tranquillion, Carica Sustainable Investments, and All Aboard Fund. The capital will be used to scale Zanskar’s AI-based discovery platform, drive further exploration drilling, grow its gigawatt-scale project pipeline and initiate construction of geothermal power facilities expected to begin delivering electricity before 2030.

Member Login Get Access

AI-powered geothermal energy startup Zanskar raises $115 million… | Newnex