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Zanskar raised $115 million in a Series C funding round led by Spring Lane Capital to enhance its AI-driven geothermal exploration efforts. The company aims to develop a gigawatt-scale pipeline and build multiple geothermal power plants in the Western U.S., targeting power delivery by 2030.

Zanskar has identified new geothermal sites, increasing its potential beyond traditional estimates. The funding will support expansion of its discovery platform and exploration drilling programs while establishing new strategic partnerships. Zanskar's total funding now stands at $180 million.