NovaFusion
诺瓦聚变
NovaFusion (诺瓦聚变) is a Chinese high-tech startup focused on small-scale, distributed controllable nuclear fusion technology using the FRC-SMR (Field-Reversed Configuration–Small Modular Reactor) approach, founded in 2025 and based in Shanghai . In its first year, the company raised a total of 1.2 billion yuan across its angel and angel+ rounds, setting a record for early-stage funding among domestic private-sector fusion companies . The 500 million yuan angel round in August 2025 was led by Yunqi Capital, with Gaorong Ventures and Legend Capital among the participants , while the 700 million yuan angel+ round in April 2026 brought in new investors including Meituan Longzhu, Hillhouse Capital, and others, with Gaorong Ventures and Legend Capital continuing to increase their stakes . The company has stated its goal of joining the global first tier of commercial fusion and building China's first commercial fusion power plant .
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Coverage
Rong Report | HT Aero, Xiwang, Helixon and Others Close Major Funding Rounds; Moonshot AI and Momenta Release Leading Models
Major Funding + Leading Model + Mass Production
高榕创投·Yunqi Capital angel-round project "Nova Fusion" has raised a total of 1.2 billion yuan, setting a record for early-stage funding in private-sector fusion energy
Targeting the Global First Tier for Commercialized Fusion Energy
云启资本·Nova Fusion Closes Massive 700 Million Yuan Angel+ Round, Aiming for the Global First Tier of Commercial Fusion
Fusion for AI & Beyond
高榕创投·Rongbao | Multiple autonomous driving, nuclear fusion, gaming, and innovative drug companies raise hundreds of millions of RMB in funding
From commercial deployment to world-first breakthroughs, innovation never stands still.
高榕创投·Nova Fusion Closes 500 Million Yuan Angel Round, Setting New Record for Single-Round Funding Among Domestic Private Fusion Companies
Focused on the commercialization of small modular nuclear fusion.
高榕创投·
