Energy Singularity Completes Nearly RMB 400 Million Pre-A Round | BlueRun Ventures

Recently, Energy Singularity completed a nearly RMB 400 million Pre-A funding round, with investors including ENLIGHTENMENT, miHoYo, Yunhe Fangyuan, and Heimen Equity Fund, among others. The proceeds will primarily fund R&D for the Jingtian Magnet and Qimen System. Following this round, the company's total fundraising has reached nearly RMB 800 million.

BlueRun Ventures was Energy Singularity's first-round investor.

Since completing its initial funding round in early 2022, Energy Singularity has focused on the high-temperature superconducting tokamak pathway, rapidly building out its R&D and engineering teams while steadily advancing its development roadmap. The company is currently independently developing the Honghuang-70 high-temperature superconducting tokamak, which is being fabricated according to schedule. Assembly is expected to begin in Q3 of this year, with completion and operation targeted for year-end. The Qimen System is an AI-based plasma control system independently developed by Energy Singularity. It will first be deployed for Honghuang-70 operations and continuously iterated upon. Meanwhile, Energy Singularity has begun developing the Jingtian Magnet — a core component for next-generation high-field tokamaks. Together, the Honghuang-70, Qimen System, and Jingtian Magnet will lay the groundwork for Energy Singularity's next-generation high-field advanced tokamak, the Honghuang-200, which is designed with commercial power generation potential.

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Founded in Silicon Valley, BlueRun Ventures was established in 2005 as a venture capital firm focused on early-stage startups.

BlueRun Ventures currently manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding RMB 15 billion, making it one of the largest early-stage funds in the country. The firm invests primarily at Pre-A and Series A stages, with coverage across hard tech and innovative interaction, enterprise technology, new consumer, and healthcare. It has invested in over 150 startups, including Li Auto, Waterdrop, QingCloud, Guazi.com, Qudian, Songguo Chuxing, Ganji.com, Energy Monster, Yuntu Semiconductor, Machenike, Yunsheng Intelligence, Anxin Wangdun, and BioMap.

BlueRun Ventures has been ranked first in Zero2IPO's "China Top 30 Early-Stage Investment Institutions" and ChinaVenture's "China Best Early-Stage Venture Capital Firms TOP30," and was named among Preqin's Top 10 Global VC Fund Managers for Sustained High Returns.

Additionally, BlueRun Ventures has received consecutive honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media organizations, including "China's Best Early-Stage Firm of the Year," "China's Top Venture Capital Firm," "Most Entrepreneur-Friendly Early-Stage Firm of the Year," and "Most Influential Early-Stage Firm of the Year."