Honghu Future Energy (Shanghai) Co., Ltd.
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Honghu Future Energy (Shanghai) Co., Ltd. - overview
Established
2026
Location
Shanghai, Shanghai, China
Primary Industry
Power & Utilities
About
Based in Shanghai, China and founded in 2026, Honghu Future Energy (Shanghai) Co. , Ltd. focuses on the R&D and engineering of next-generation stellarator fusion devices, aiming to build a comprehensive technology platform and solutions for future commercial fusion power plants. The company has as established a joint laboratory with the Institute of Future Energy at Shanghai Jiaotong University (SJTU) In September 2026, Honghu Future Energy (Shanghai) Co.
, Ltd. closed a round of Angel funding led by Legend Capital with participation from Shanghai Engine Fund, Luminous Ventures, Glory Ventures, Yunqi Partners, Lotus Capital, Fortera Capital, Shanghai Minhang Financial Investment Development, Xinlian Capital, Detong Capital, Hongfu Investment, Inspiration Capital, R-Z Capital, MiraclePlus and other investors. Honghu Future Energy (Shanghai) Co. , Ltd.
primarily engages in the development of high-temperature superconducting (HTS) stellarators, applying supercomputing and AI (Artificial Intelligence) to continuously optimize plasma confinement magnetic fields, developing 3D HTS magnets, manufacturing and testing core components. The company aims to build a comprehensive technology platform and solutions for future commercial fusion power plants. Honghu Future Energy (Shanghai) Co. , Ltd.
generates revenue from developing stellarators and related technologies. The company will use the Angel funding for the R&D and construction of its first high-temperature superconducting (HTS) stellarator, team expansion, and general operations. It plans to complete its first-generation experimental device, "Honghu Zhiyuan No. 1.
" by 2029.
Current Investors
Legend Capital, Detong Capital, Yunqi Partners
Primary Industry
Power & Utilities
Sub Industries
Power Generation Equipment & Services
Website
www.honghufusion.cn
Verticals
Clean Technology, Manufacturing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Honghu Future Energy (Shanghai) Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Angel | Completed | Honghu Future Energy (Shanghai) Co., Ltd. | - |
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