Business & Capital

StarRing Fusion Completes RMB 880 Million Series A++ Financing to Advance Fusion Device and Key Technology Engineering

StarRing Fusion recently announced the completion of a new Series A++ financing round, raising RMB 880 million. This round was jointly invested by Shenzhen Capital Group, Shendan Venture Capital, ABC Capital, BOCOM Investment, GGV Capital, Yongxin Ark, Keke Capital, Advantage Capital, and other institutions, with existing shareholder Shanghai Science and Technology Innovation Group's intellectual property fund and other institutions continuing to follow on. The company stated that the proceeds from this round, together with the previous Series A and A+ financing, will be used for the construction of the Shanghai Jiading experimental base, the construction and operation of the NTST negative-triangularity spherical tokamak, the design and construction of the CTRFR-1 "StarRing One," and the continued engineering advancement of key technologies including fusion-grade high-temperature superconducting magnets and AI-based plasma control...

2026-08-08

BlueStar Fusion Completes "Angel+" Round Financing, High-Temperature Superconducting Stellarator Project Moves to Engineering Implementation Phase

Recently, Hefei BlueStar Fusion Technology Co., Ltd. (BlueStar Fusion, hereinafter referred to as "BlueStar Fusion") completed an Angel+ round of financing on the scale of several hundred million RMB, with a post-investment valuation exceeding 3 billion RMB. Following the completion of this financing round, the company will continue to advance the verification of key components, engineering manufacturing, and full-system integration of the high-temperature superconducting stellarator, with the goal of initiating the construction of the Phase I high-temperature superconducting stellarator system by 2027. BlueStar Fusion was established in August 2025 and is primarily engaged in the R&D and engineering of high-temperature superconducting stellarator technology. The company has assembled a professional team of nearly 100 members, covering fusion physics, superconducting magnets, structures and precision manufacturing, cryogenic engineering, artificial intelligence, and other disciplines. Ex...

2026-08-04

Wuke Superconducting Completes Tens of Millions in Angel Round Financing, Accelerating the Industrialization of High-Temperature Superconducting Tapes

In late July 2026, Beijing Wuke Superconducting Technology Co., Ltd. (hereinafter referred to as "Wuke Superconducting") completed an angel round financing of tens of millions of RMB. This round was jointly invested by CASSTAR, Zhongguancun Capital, and Huairou Hard Technology Fund. The joint backing of several renowned venture capital institutions fully confirms the capital market's high recognition of Wuke Superconducting's core team, technical strength, and industry development prospects. Wuke Superconducting was initiated by the technical team of the Institute of Physics, Chinese Academy of Sciences, focusing on the R&D, preparation, and industrial application of a new generation of high-temperature superconducting tapes. The company is dedicated to overcoming the key bottlenecks in transitioning high-temperature superconducting materials from laboratory to large-scale application, building an integrated platform covering superconducting target development, core equipment R&D, high-performance tape preparation, and ultimate performance characterization of wires and tapes.

2026-08-03

Guomai Fusion Energy Completes Angel+ Round Financing, with Zhengxuan Investment and Others Supporting aFRC Fusion Route Commercialization

Recently, Beijing Guomai Fusion Energy Technology Co., Ltd. (hereinafter referred to as Guomai Fusion Energy) completed its Angel+ round of financing. This round was participated by well-known institutions such as Zhengxuan Investment and Dalin Investment. By adopting a strategy of small steps and rapid iteration, Guomai Fusion Energy has continuously advanced its financing, pooling industrial and capital forces to support R&D design and engineering validation, and promoting the fast and sound development of the advanced field-reversed configuration (aFRC) route. The funds from this round will be primarily used for aFRC route R&D, including the construction of fusion experimental devices, core technology breakthroughs, and talent team building, accelerating key technology breakthroughs and experimental validation. Guomai Fusion Energy, established in the Beijing Economic-Technological Development Area, is a company focusing on advanced field-reversed config...

2026-07-31

U.S. Fusion Energy Company CFS Completes $1 Billion Equity Financing

U.S. fusion energy startup Commonwealth Fusion Systems (CFS) announced on July 30 that it has completed $1 billion in new equity financing. The company stated that this is one of the largest single-round financings globally for a fusion energy company since its $1.8 billion Series B round in 2021. To date, CFS has raised a total of $4 billion, accounting for nearly 30% of the cumulative global fusion industry financing. Headquartered in Devens, Massachusetts, CFS was founded in 2018. The company is primarily advancing the SPARC fusion demonstration device and the ARC commercial fusion power plant project. Fusion reactions release energy by combining light atoms such as hydrogen under extremely high temperatures and pressures, and are considered a potential low-carbon energy pathway. However, fusion reactors are still in the experimental and engineering validation stage, with related technologies facing challenges such as material resistance to neutron bombardment and improving reaction efficiency.

2026-07-30

American Fusion Company Launches Texatron Test Program at Texas Tech University

American Fusion Company announced on July 29 that, after completing preliminary laboratory preparations and verifying the remote ignition system, the company has launched the Texatron test program at Texas Tech University. The company is the developer of proprietary technologies related to the Texatron fusion engine. According to the company, a total of seven members of the American Fusion engineering and scientific team conducted a one-day preparation session at the research facilities of the Department of Physics and Astronomy at Texas Tech University. The activities included laboratory environment setup, inspection of instrumentation and supporting systems, system interface verification, and preparation for Texatron platform operation...

2026-07-30

A delegation led by Dai Minmin of Shanghai State-owned Capital Investment Co., Ltd. visited the fusion research facility for a fact-finding and exchange visit.

July 22, 2026, marked the first anniversary of the official establishment of China Fusion. A delegation led by Dai Minmin, Deputy Party Secretary and President of Shanghai State-owned Capital Investment Co., Ltd. (hereinafter referred to as Shanghai State

2026-07-27