Xingneng Xuanguang completes hundreds of millions of yuan in Pre-A round financing.

36Kr learned that recently, Xingneng Xuanguang completed a Pre-Series A financing round worth hundreds of millions of yuan. This round of financing was led by Ant Group, with follow-on investments from Yinshan Capital, Zijin Mining, Bianshi Times, Xin Capital, Yuanhe Puhua, United Beauty Group, and Dinghe Gaoda. Existing shareholders Minsheng Securities International and Renfa Xinneng continued to increase their stakes. The funds from this round of financing will be mainly used to improve the performance of the under-construction facilities, deploy key technologies, and expand the team size to advance the company's unique "field-reversed configuration" fusion energy technology roadmap.