Starloop Energy has completed a new round of financing of 880 million yuan.

According to StarLoop Fusion Energy, the company has recently completed a new round of Series A++ financing, with a total financing amount of 880 million RMB. This round of financing is jointly invested by institutions including SZIDC Capital, SDV Venture Capital, ABC Capital, BOCOM Investment, while existing shareholders such as the intellectual property fund under Shanghai Science and Technology Innovation Group continue to participate in the follow-on investment. The funds from this round of financing, together with the funds raised in the Series A and Series A+ rounds, will be jointly used for the construction of the Shanghai Jiading Experimental Base, the construction and operation of NTST (Negative Triangular Spherical Tokamak), the design and construction of CTRFR-1 (StarLoop-1), as well as the continuous engineering advancement of key technologies including fusion reactor-grade high-temperature superconducting magnets and AI plasma control. (Yicai)