Nova Fusion has completed a 500 million yuan angel round of financing, breaking the single - financing record of domestic private fusion companies.

36Kr learned from the official WeChat account of Nova Fusion that on August 1st, "Nova Fusion" announced the completion of a 500 million yuan angel round of financing, setting a new record for a single financing by a private nuclear fusion company in China. This round of financing was jointly composed of industrial capital, social capital, and state-owned funds, including institutions and strategic investors such as the Zhongguancun Special Fund for Independent Innovation of the National Social Security Fund (managed by Legend Capital), Legend Capital, Lightspeed China Partners, Banyan Capital, Huakong Fund, Ming Shi Ventures, and Lingang Science and Technology Innovation Investment. The funds from this financing will be mainly invested in the research and development of China's first small modular nuclear fusion reactor to precisely meet the power supply needs of AI.