According to PE Daily, the game developer behind Genshin Impact, miHoYo, have led in a 400-million-yuan (~63.34 million USD) investment with Nio Capital in Energy Singularity. The other two investors in this angel round include Sequoia Capital’s China Seed Fund and Bluerun Ventures.
Founded in June 2021, the investee is a nuclear power equipment and software developer with under 50 members, based in Shanghai. They focus on researching and developing superconducting tokamak device and its control software system, which are advanced efforts of the world to make nuclear fusion technology commercialized.
Liuwei, President of miHoyo claims that “Controlled nuclear fusion is an exciting technology.”
“Over the past half century, countries with advanced science and technologies have continued to invest in it. The experience of scientific research and engineering has accumulated for a long period of time. In the recent decade, there were several major breakthroughs of this technology, and many commercial companies and venture capitals companies have made their steps into this area, which is especially an obvious trend in the United States.”
“Energy Singularity is the first domestic start up in this area that we’ve seen, and they have a very professional team. Once the commercialization of nuclear fusion energy is realized, it will bring about innovative changes,” he said.
The founders of Energy Singularity have a background of Stanford, Peking University, Shanghai Jiaotong University, among other top-tier academic institutes.