NovaFusionX
Shanghai, China
◆ Total Raised
$102M
◆ Stage
seed
◆ Location
Shanghai, China
◆ Founded
2025
◆ Team size
11-50
◆ About NovaFusionX
Chinese nuclear fusion startup targeting first plasma for Nova One reactor by end of year.
◆ What sets it apart
It is one of China’s fastest-moving private fusion startups, focused on compact FRC-based reactors and an aggressive path to first plasma and eventual commercial demonstration units.
◆ Sectors
◆ Business
Modelhardware
CustomerUtilities, industrial power buyers, and large energy-intensive customers such as AI data centers
◆ Notable
- Completed a reported seed/Angel+ round of about CNY700 million (about USD102.5 million)
- Set a record for private fusion fundraising in China
- Entered engineering construction / full assembly stage for Nova One
- Targeting first plasma by end of 2026
- Announced total fundraising of about CNY1.2 billion within roughly one year
◆ Funding rounds
◆ Explore the market
◆ FAQ
What does NovaFusionX do?
Chinese nuclear fusion startup targeting first plasma for Nova One reactor by end of year.
Where is NovaFusionX based?
NovaFusionX is based in Shanghai, China, founded in 2025.
How much has NovaFusionX raised?
NovaFusionX has raised $102M in tracked funding and is currently at the seed stage.
Who has invested in NovaFusionX?
Investors in NovaFusionX include Legend Capital, Lightspeed China Partners and Gaorong Capital.