Newcleo, launched in September 2021, is developing the next-generation nuclear reactors: the lead-cooled fast reactors (LFRs) fuelled with MOX.

The company aims to build a new industrial standard in nuclear energy by reducing the volume of radioactive waste and the environmental impact of nuclear fission, while improving fuel efficiency and safety at a competitive cost. Its technology has been included within the perimeter of the EU Taxonomy of environmentally sustainable economic activities.

Indaco Ventures I invested in the company in June 2022.