Core Insights - Nova Fusion Energy Technology (Shanghai) Co., Ltd. has completed a 500 million RMB angel round financing led by the Social Security Fund Zhongguancun Independent Innovation Special Fund, with participation from several venture capital firms [2][4] Company Overview - Founded in April 2025 in Shanghai, Nova Fusion is the first domestic company focused on the commercialization of small modular nuclear fusion technology, leveraging "nuclear fusion + artificial intelligence" to develop a safe, zero-carbon, and distributable energy system [3] Financing Purpose - The funds from this round will be used for three main purposes: 1. To enhance the R&D of core technologies for small modular fusion reactors, aiming for engineering validation by 2027 2. To expand the Shanghai Lingang experimental base and the supply chain capacity in the Yangtze River Delta, achieving over 90% localization of key components 3. To strategically enter overseas distributed energy markets and collaborate with countries along the "Belt and Road" initiative to build demonstration power plants [4] Investment Rationale - The investment is driven by Nova Fusion's unique interdisciplinary team specializing in high-temperature plasma, superconducting magnets, and AI control, which positions the company closer to commercial viability compared to traditional Tokamak designs. Additionally, supportive policies from the National Energy Administration and the Shanghai municipal government provide a favorable environment for the project's development [5] Investment Ecosystem Insights - There is a strong push from various government levels to encourage the commercialization of fusion energy, with local governments offering incentives such as land, electricity pricing, and research subsidies. The management emphasizes the importance of maintaining a focus on technology validation, supply chain security, and the pace of commercialization. Nova Fusion's innovative approach to integrating AI into extreme condition control reflects the spirit of Chinese hard-tech entrepreneurs [6]