A[Nova Fusion completes 1.2 billion Pre-A series financing Setting three records for domestic private nuclear fusion financing scale, speed and valuation] On August 31, Nova Fusion Energy Technology (Shanghai) Co., Ltd. (hereinafter referred to as "Nova Fusion") completed a total of 1.2 billion yuan in Pre-A series financing (including Pre-A and Pre-A+ rounds). So far, Nova Fusion has created 16 companies Within the month, it has completed three rounds of financing: 500 million yuan angel round, 700 million yuan angel + round, and 1.2 billion yuan Pre-A series. The cumulative financing scale has reached 2.4 billion yuan, and the post-investment valuation has exceeded 10 billion. It has refreshed the domestic private nuclear fusion track's three records of financing scale, speed and valuation. The company's valuation ranks first among domestic private nuclear fusion companies. In this Pre-A series of financing, Meituan Longzhu and Hillhouse Ventures continued to increase their investment, and Lenovo Ventures and Guozhong Capital entered the game as new strategic investors. "Nova One" has completed the engineering design and core component development and has fully entered the final assembly and integration stage. The team is sprinting towards the first plasma discharge at the end of 2026, with the goal of becoming the first private enterprise in China to achieve a fusion temperature of 100 million degrees Celsius. (Reporter Guo Songqiao)
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