Fundraising FoxZanskar
15 known investors
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Zanskar develops geothermal energy projects using AI and advanced geoscience to map subsurface resources and deliver utility-scale, carbon-free power. The company operates projects in the western United States that provide 24/7 firm power generation.
Also known as Zanskar Geothermal
Founders & leadership
Investors · 15
How we know: Azolla Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Clearvision Ventures's portfolio page · Not right? Tell us
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: GVP Climate's portfolio page · Not right? Tell us
How we know: Lowercarbon Capital's portfolio page · heatmap.news · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Obvious Ventures's portfolio page · heatmap.news · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Spring Lane Capital's portfolio page · heatmap.news · Not right? Tell us
How we know: Union Square Ventures (USV)'s portfolio page · heatmap.news · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: UP Partners's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Xplorer Capital's portfolio page · Not right? Tell us
How we know: funding news · x.com · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: m.economictimes.com · funding news · Not right? Tell us
Funding
SEC filings, press & company announcements$6M disclosed across 1 of 4 rounds · 2025–2026
- $6MraisedAug 2026 · 2 sources
Bessemer Venture Partners (lead)
Source ↗ - Undisclosed amountSeries CJan 2026 · 4 sources
Spring Lane Capital (lead), Lowercarbon Capital, Obvious Ventures, Union Square Ventures
Source ↗ - Undisclosed amountseed fundingSep 2025Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Zanskar is a geothermal energy developer that combines modern geoscience, artificial intelligence, and advanced field and drilling methods to map the Earth's subsurface and locate geothermal resources that have been overlooked or judged too risky to pursue. The company describes itself as the first AI-native geothermal energy company and frames its approach as turning geothermal exploration and development into a repeatable, data-driven process.
Its activity spans three stages: discovery, in which AI and subsurface data are used to pinpoint geothermal resources; delivery, in which AI and drilling technology are applied to lower the cost and shorten the timeline of development; and operations, in which real-time insights are used to optimize generation and output. Zanskar states that it has projects online delivering firm, utility-scale power.
Business model
Zanskar develops and operates geothermal power projects, generating firm, utility-scale electricity from resources it identifies and brings online.
Traction
The company states that its projects are online and delivering firm, utility-scale power, and that its approach opens up thousands of potential new sites across the western U.S.
▸Full profile — market position, technology, go-to-market, geography
Market position
Zanskar positions itself as the first AI-native geothermal energy company, targeting the large share of geothermal resources that remain untapped.
Technology
The company applies modern geoscience, artificial intelligence and machine learning to subsurface data to locate geothermal resources, pairs this with advanced field and drilling methods to develop them, and uses real-time operational data to optimize generation.
Go-to-market
Buyers of firm, carbon-free, utility-scale power for the U.S. electricity grid.
Geography
Operations and development targets are focused on the western United States.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Related companies · 6
Companies working in the same space as Zanskar.
In the news
▸Research sources · 1
primary sources listed
- Zanskarzanskar.us · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Zanskar do?
- Zanskar is a geothermal energy company using AI and geoscience to find and develop overlooked resources in the western U.S.
- Who founded Zanskar?
- Zanskar was founded by Carl Hoiland, Joel Edwards.
- Who are Zanskar's investors?
- Zanskar's investors include Azolla Ventures, Clearvision Ventures, First Star Ventures, GVP Climate, Lowercarbon Capital, Obvious Ventures, Prime Impact Fund, Safar Partners and 7 more.
- How much funding has Zanskar raised?
- Zanskar has disclosed $6M raised across 1 of its 4 known rounds.