# Startorus Fusion Startup profile on Capital Atlas: https://capitalatlas.ai/startups/startorus-fusion - Industry: Power & Utilities - Headquarters: Shanghai, China - Website: www.startorus.cn - Total disclosed funding: $362M - Latest round: Series A (Aug 7, 2026) - Investors on record: 40 ## About Based in Shanghai, China and founded in 2021, Shanghai Startorus Fusion Technology Co., Ltd., trading under the name Startorus Fusion, provides compact controllable fusion energy devices for the clean energy sector. The company was founded by researchers with backgrounds in fusion research and engineering and develops compact fusion devices using a spherical tokamak approach. In August 2026, Startorus Fusion raised CNY 880 million in Series A++ funding from Shenzhen Investment Holdings, Zhongxiaodan Venture Capital, Agricultural Bank of China, Bank of Communications Investment, Jiyuan Capital, Suzhou Yongxin Fangzhou Investment, Coco Capital, PreIPO Capital Partners, Shanghai STVC Group, and other investors. Startorus Fusion provides fusion-related systems and components, including pulse power supplies, signal conditioning equipment, data acquisition systems, and plasma diagnostics solutions. Its offerings support fusion experiments and related industrial testing environments. The company generates revenue from the sale of fusion equipment and systems to research institutions and industrial customers, as well as from engineering and technical solution delivery. The company will use the proceeds raised from Series A, A+ and A++ funding for the construction of its experimental base in Jiading, Shanghai, the construction and operation of the NTST (Negative Triangular Spherical Tokamak), the design and construction of its first medium-sized, high-temperature superconducting spherical tokamak device CTRFR-1, and the continued engineering advancement of key technologies such as fusion reactor-grade high-temperature superconducting magnets and AI plasma control, further solidifying the company's system capabilities in the fusion engineering phase. ## Funding rounds - Series A, Aug 7, 2026, $130M — Shanghai STVC Group, Agricultural Bank of China, PreIPO Capital Partners, Shenzhen Investment Holdings, Coco Capital, Zhongxiaodan Venture Capital, Suzhou Yongxin Fangzhou Investment, Bank of Communications Investment, Jiyuan Capital - Series A, May 7, 2026, $73M — GP Capital, Fortune Capital, Hongtai Aplus, Riverhead Capital, Green Harbor Investment, Industrial Securities Capital, Jingming Capital, Trinity Capital, Flyfot Ventures, Shanghai Songqing Private Equity Fund Management, Shenyi Investment - Series A, Jan 12, 2026, $143M — Shanghai STVC Group, China International Capital Corporation, Summitview Capital, Shang Finance, Befor Capital, Shenyin Wanguo Hongding Equity Investment Management, Yuanhe Puhua Suzhou Management, Flyfot Ventures, Boc Private Equity Firm, Morning Star Capital - Angel, Jun 16, 2022, $15M — Hong Shan, Oriza Holdings, MSA Capital, Shunwei Capital, Telescope, Legend Star, Unity Ventures, K2VC, Casstar Capital, Shanhai Capital, Huafang Capital, Innoangel Fund ## Investors - Hong Shan — Angel - Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Angel - MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Angel - Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Angel - Telescope (https://capitalatlas.ai/funds/telescope) — Angel - Legend Star (https://capitalatlas.ai/funds/legend-star) — Angel - Unity Ventures (https://capitalatlas.ai/funds/unity-ventures) — Angel - K2VC (https://capitalatlas.ai/funds/k2vc) — Angel - Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Angel - Shanhai Capital (https://capitalatlas.ai/funds/shanhai-capital) — Angel - Huafang Capital (https://capitalatlas.ai/funds/huafang-capital) — Angel - Innoangel Fund (https://capitalatlas.ai/funds/innoangel-fund) — Angel - Shanghai STVC Group (https://capitalatlas.ai/funds/shanghai-stvc-group) — Series A - China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A - Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series A - Shang Finance (https://capitalatlas.ai/funds/shang-finance) — Series A - Befor Capital (https://capitalatlas.ai/funds/befor-capital) — Series A - Shenyin Wanguo Hongding Equity Investment Management (https://capitalatlas.ai/funds/shenyin-wanguo-hongding-equity-investment-management) — Series A - Yuanhe Puhua Suzhou Management (https://capitalatlas.ai/funds/yuanhe-puhua-suzhou-management) — Series A - Flyfot Ventures (https://capitalatlas.ai/funds/flyfot-ventures) — Series A - Boc Private Equity Firm (https://capitalatlas.ai/funds/boc-private-equity-firm) — Series A - Morning Star Capital (https://capitalatlas.ai/funds/morning-star-capital) — Series A - GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series A - Fortune Capital — Series A - Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series A - Riverhead Capital (https://capitalatlas.ai/funds/riverhead-capital) — Series A - Green Harbor Investment (https://capitalatlas.ai/funds/green-harbor-investment) — Series A - Industrial Securities Capital — Series A - Jingming Capital (https://capitalatlas.ai/funds/jingming-capital) — Series A - Trinity Capital — Series A - Shanghai Songqing Private Equity Fund Management — Series A - Shenyi Investment (https://capitalatlas.ai/funds/shenyi-investment) — Series A - Agricultural Bank of China — Series A - PreIPO Capital Partners (https://capitalatlas.ai/funds/preipo-capital-partners) — Series A - Shenzhen Investment Holdings — Series A - Coco Capital (https://capitalatlas.ai/funds/coco-capital) — Series A - Zhongxiaodan Venture Capital (https://capitalatlas.ai/funds/zhongxiaodan-venture-capital) — Series A - Suzhou Yongxin Fangzhou Investment (https://capitalatlas.ai/funds/suzhou-yongxin-fangzhou-investment) — Series A - Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series A - Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A