Controllable nuclear fusion high-temperature superconducting magnet company "ChaoCi XinNeng" raises hundreds of millions of yuan in funding, led by Gaorong Ventures

ChaoCiXin Energy (Shanghai) Technology Co., Ltd. (hereinafter "ChaoCiXin Energy"), leveraging its deep technical expertise in high-field high-temperature superconducting magnets, has continued to attract capital markets. The company recently announced the completion of a hundred-million-yuan Angel+ funding round. This round was led by Gaorong Ventures, with participation from Puhua Capital, Guoke Jiahe, GGV Capital, Yongxing Materials (002756.SZ), and TCL Capital, while existing shareholders including Northern Light Venture Capital increased their stakes.

The proceeds will be primarily allocated to superconducting magnet R&D and team expansion, providing continued technical support for the engineering-scale manufacturing of high-field high-temperature superconducting magnets for controlled nuclear fusion.

Assembling a World-Class Scientific Team

Key Industry Milestone Already Achieved

ChaoCiXin Energy has built a top-tier scientific team centered on academicians, bringing together technical and management talent from leading global enterprises and universities. The company currently holds multiple invention patents for core high-temperature superconducting technologies, establishing a robust intellectual property moat.

To date, ChaoCiXin Energy has achieved a critical milestone in the controlled nuclear fusion industry for high-field magnets — successfully developing the world's first embedded-plate single-pancake high-temperature superconducting coil. In the next phase, the company will focus on technical breakthroughs in key areas including detachable low-resistance joints, double-pancake coils, magnet monitoring and protection systems, and magnet assembly and testing, gradually completing the manufacturing and validation of a 25 T-class high-temperature superconducting toroidal field model magnet for controlled nuclear fusion.

25 T-class high-temperature superconducting controlled nuclear fusion toroidal field model magnet single-pancake coil

Delivering World-Class High-Temperature Superconducting Magnets for Controlled Nuclear Fusion

Wang Chao, founder and chairman of ChaoCiXin Energy, stated: "Our goal is to become the global leader in complete high-temperature superconducting high-field magnet solutions for controlled nuclear fusion. Going forward, ChaoCiXin Energy will remain focused on key technologies for high-temperature superconducting controlled nuclear fusion magnets, accelerating the transition from laboratory R&D to full engineering-scale manufacturing, and contributing world-class high-temperature superconducting magnets to China's controlled nuclear fusion energy development."

Wang Xin, partner at Gaorong Ventures, commented: "Superconducting magnets are the most expensive core component in tokamak and stellarator fusion devices, accounting for the largest share of costs. To achieve stronger plasma confinement, using high-temperature superconducting materials for high-field magnets has become the industry consensus. High-field magnets face complex electrical, magnetic, and mechanical field environments — addressing stress management, quench protection, and manufacturing processes is essential to producing magnets that meet specifications and operate stably. This remains a bottleneck challenge domestically, which is why high-field magnet technology has such a high barrier and requires long-term accumulated expertise. ChaoCiXin Energy has assembled China's strongest high-field magnet team, having set multiple world records, giving them significant scarcity value. We are optimistic and look forward to the ChaoCiXin Energy team being the first to produce world-class high-temperature superconducting high-field magnets, making important contributions to China's fusion industry."