China's Supermag New Energy Completes Hundreds of Millions in Angel+ Round Financing, Achieves Key Progress in High-Field Magnets for Controlled Nuclear Fusion

en.Wedoany.com Reported - Supermag New Energy (Shanghai) Technology Co., Ltd. (hereinafter referred to as "Supermag New Energy"), leveraging its profound technical expertise in the field of high-field high-temperature superconducting magnets, continues to attract capital market interest. The company has recently completed another round of Angel+ financing worth hundreds of millions of yuan.

This round of financing was led by Gaorong Ventures, with participation from Puhua Capital, CASSTAR, GGV Capital, Yongxing Materials (002756.SZ), and TCL Capital. Existing shareholder Northern Light Venture Capital also increased its investment, injecting "strong momentum" into the company's innovative development. The funds from this round will be primarily used for superconducting magnet research and development and team expansion, continuously providing technical support for the engineering manufacturing of high-field high-temperature superconducting controlled nuclear fusion magnets.

Supermag New Energy is committed to developing the world's first and globally leading large-scale high-temperature superconducting high-field magnet system for controlled nuclear fusion. Driven by a dual-engine strategy of "technology + capital," the company leads the core component track for controlled nuclear fusion, contributing core strength to the commercialization of the ultimate energy source.

Relying on a top-tier scientific team led by academicians, the company has gathered technical and management talent from globally renowned enterprises and universities. It currently holds multiple core invention patents for high-temperature superconducting technology, establishing a solid intellectual property barrier.

Currently, Supermag New Energy has achieved a key milestone in the high-field magnet sector for controlled nuclear fusion—successfully developing the first embedded single-pancake high-temperature superconducting coil.

In the next phase, the company will continue technical breakthroughs in key areas such as detachable low-resistance joints, double-pancake coils, magnet monitoring and protection configurations, and magnet assembly and testing, gradually completing the manufacturing and verification of a 25 T-class high-temperature superconducting toroidal field model magnet for controlled nuclear fusion.

Controlled nuclear fusion is the ultimate energy solution for the future of humanity. We look forward to standing alongside Supermag New Energy, driven by the dual engine of "technology + capital," to help China build a core advantage in this global energy revolution.

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