Zanskar
10 known investors
Zanskar uses geoscience, AI, and advanced drilling methods to map the Earth's subsurface and identify geothermal resources that have been overlooked or considered too risky. The company develops and operates utility-scale geothermal power projects across the western United States.
Also known as Zanskar Geothermal
Founders & leadership
Investors · 10
Funding
SEC filings, press & company announcements$121M disclosed across 2 rounds · 2026
- $6MraisedAug 2026 · 2 sources
Bessemer Venture Partners (lead)
Source ↗ - $115MSeries CJan 2026 · 2 sources
Spring Lane Capital (lead), Lowercarbon Capital, Obvious Ventures, Union Square Ventures
Source ↗
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.
In the news
Exclusive: Pain Care Startup Zanskar In Talks To Raise $6 Mn In Round Led By Bessemerinc42.com · Aug 2026▸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, Prime Impact Fund, Safar Partners, Bessemer Venture Partners, First Star Ventures, Lowercarbon Capital, Obvious Ventures, Spring Lane Capital and 2 more.
- How much funding has Zanskar raised?
- Zanskar has disclosed $121M raised across 2 rounds.