Zanskar Raises $115M in Series C Funding

The company will start building power plants at discovered sites while expanding its exploration and drilling programs.

Round size
$115M
Stage
Series C
Headquarters
United States
Announced
Jan 21, 2026

Finding geothermal resources underground

Zanskar combines software with on-site geoscience and drilling to locate previously unknown or overlooked geothermal fields. Discoveries include Pumpernickel and Big Blind in Nevada; the company also improved the Lightning Dock site in New Mexico.

Moving discoveries toward generation

The financing supports multiple power plants in the western United States, with delivery planned before 2030. Spring Lane Capital leads the round, bringing Zanskar’s cumulative equity financing to $180 million.

Sources

  1. Zanskar: funding announcement
  2. Axios: Zanskar financing
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