Stellarator enterprise "Honghu Future Energy" has completed financing of several hundred million yuan.

Recently, the stellarator enterprise "Honghu Future Energy" announced that it has completed a financing of several hundred million yuan, with joint participation from institutions including Shanghai Future Industry Fund, Social Security Fund Zhongguancun Independent Innovation Special Fund (managed by Legend Capital), P-Space Venture Capital, Jiao Tong University Master Fund, Shanghai Futeng Capital, Shanghai Minjin Investment, Yoowto Capital, Core Alliance Capital, Yunqi Capital, Detong Capital, Hongfu Asset, Qigao Capital, Renzhi Capital, and MiraclePlus. Dr. Dai Lizhong, the early investor of the company, also continued to increase his stake. The raised funds will be used for the R&D and construction of the "Honghu Zhiyuan No.1" high-temperature superconducting stellarator, team expansion and the company's operation.