(“ON&BOARD”) is pleased to announce that it has made a Series A round of investment in LINEA Innovation Inc. (headquartered in Minato-ku, Tokyo; Yuta Nojiri, CEO; hereinafter referred to as “LINEA Innovation”), which conducts research and development of non-thermal fusion that emits almost no neutrons.While society as a whole is urgently seeking to achieve carbon neutrality and energy security, the handling of tritium and the generation of waste from neutron irradiation of structural materials, in particular, have been hurdles in conventional fusion energy research toward the practical realization of fusion as a next-generation energy source.

LINEA Innovation aims to address these issues through a non-thermal approach to p-11B fusion. The company's proprietary Field-Reversed Configuration (FRC) technology for high-efficiency plasma confinement combined with the confinement of high-energy beam ions in a mirror magnetic field will induce a clean fusion reaction with virtually no neutron emission, eliminating the need for thermal conditions of up to 1 billion degrees Celsius. This method induces a clean fusion reaction with virtually no neutron emissions, while eliminating the need for thermal conditions of up to one billion degrees Celsius. This method fundamentally avoids the use of radioactive tritium and the activation of reactor walls, enabling the construction of next-generation power generation platforms that are both safe and sustainable.

ON&BOARD decided to invest in this Series A round because it shares LINEA Innovation's advanced and implementation-oriented R&D approach, as it sees more sustainable and secure energy solutions as a priority investment area in response to increasing global electricity demand and decarbonization targets.

ON&BOARD will continue to invest in startups that promote technological development with significant social impact.

■ About LINEA Innovation, Inc.
Company name: LINEA Innovation, Inc.
Location: Roppongi Hills Mori Tower 15F, 6-10-1 Roppongi, Minato-ku, Tokyo
Representative: Yuta Nojiri, CEO
Established: September 29, 2023
Business: Advanced fusion (p-11B fusion) technology Research and development of FRC Miller Hybrid Reactor
URL: https://linea-innovations.com/

◾️Company Profile

Company name: ON & BOARD Co.
Fund name: ON & BOARD Investment Limited Partnership
Fund establishment: June 2024
Representative Directors: Masato Shimohira and Kosuke Nakayama
Location: Toranomon Hills Business Tower 15F, 1-17-1 Toranomon, Minato-ku, Tokyo 105-6415, Japan (in CIC Tokyo)
Business: Management and operation of venture capital funds and incubation business
URL: https://onboardvc.com/

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