# Shanghai Yixi Technology Development Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-yixi-technology-development-co

- Industry: Materials
- Headquarters: Shanghai, China
- Website: www.htsfusion.com
- Total disclosed funding: $35M
- Latest round: Angel (Apr 11, 2025)
- Investors on record: 9

## About

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 June 2026, Shanghai Yixi Technology Development Co., Ltd. raised a venture funding from 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 is committed to becoming the world's strongest high-temperature superconducting magnet company, focusing on core technologies such as controllable nuclear fusion high-temperature strong field magnets, high-speed maglev train superconducting magnets, and advanced medical equipment.

## Funding rounds

- Angel, Apr 11, 2025, $14M — Furong Capital, Kunshan Gaoxin Group, DHLT Investment, Shanghai Minhang Financial Investment Development
- Angel, Oct 18, 2024, $14M — T-Capital, Wuxi Huading Venture Capital, Chengdu Airport Innovation and Entrepreneurship Investment, DHLT Investment
- Seed, Sep 19, 2022, $7.2M — Casstar Capital, Empower Investment

## Investors

- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Seed
- Empower Investment (https://capitalatlas.ai/funds/empower-investment) — Seed
- T-Capital — Angel
- Wuxi Huading Venture Capital (https://capitalatlas.ai/funds/wuxi-huading-venture-capital) — Angel
- Chengdu Airport Innovation and Entrepreneurship Investment — Angel
- DHLT Investment (https://capitalatlas.ai/funds/dhlt-investment) — Angel
- Furong Capital (https://capitalatlas.ai/funds/furong-capital) — Angel
- Kunshan Gaoxin Group — Angel
- Shanghai Minhang Financial Investment Development — Angel