Shanghai Yixi Technology Development Co., Ltd.

Founded in 2022 and based in Shanghai, China, Shanghai Yixi Technology Development Co. , Ltd. born from the high-temperature superconductivity team of Shanghai Jiao Tong University, mainly develops high-temperature superconducting materials, with members from universities such as Cambridge, MIT and national laboratories. In November 2025, it closed a round of venture funding from new investors Shanghai STVC Group, Shanghai Engine Fund and Shanghai Jiao Tong University Education Development Foundation.

The company’s main business is the research, development, and commercialization of high-temperature superconducting magnet systems. The company’s self-developed products include fusion-grade high-field magnets, superconducting magnets for high-speed maglev trains, and solutions for power grids, medical devices, and energy-efficient applications. Its products are used in the fields of energy, and transportation. Shanghai Yixi Technology Development Co.

, Ltd. generates revenue by providing superconducting magnet products, customized technical solutions for industrial clients. The company will use the latest venture funding to accelerate research and industrialization of high-temperature superconducting magnets for controlled nuclear fusion, strengthen its position in the fusion and superconducting industry chain and support national fusion energy initiatives.