Nova Fusion announced the completion of its Pre-A series financing, totaling RMB 1.2 billion. This round attracted significant investment from existing backer Meituan Longzhu and new investors Lenovo Capital and Guozhong Capital. The financing was marked by over-subscription and reflects the company's rapid growth within just 16 months. Nova Fusion has now secured a total of RMB 24 billion in funding, establishing a strong position in the nuclear fusion sector.
Company Information
Company
Nova Fusion
About
Nova Fusion is a pioneering company in the field of nuclear fusion technology. Established only 16 months ago, it has rapidly grown to be a unicorn with a post-money valuation exceeding RMB 100 billion. The company specializes in the development of Field-Reversed Configuration Small Modular Fusion Reactors (FRC-SMR) and has a strong focus on engineering progress. It has achieved significant milestones in financing and technological advancements within the private nuclear fusion sector in China.
Don't miss Nova Fusion's next move
Get an email the moment Nova Fusion raises, hires an exec, or expands, usually minutes after it happens.
One email per event. Unsubscribe anytime.
Predictive Intelligence
Strategic
ML-powered predictions for Nova Fusion's next move
