Star Ring Energy announced that it has recently completed a new round of financing, with a financing amount of RMB 880 million. This round of financing was jointly invested by institutions such as Shenzhen Investment Holdings Capital, Shenzhen Venture Capital, Agricultural Bank Capital, and BOC Investment. The old shareholder, the Intellectual Property Fund under the Shanghai Science and Technology Innovation Group and other institutions continued to invest. This round of financing will be used together with Series A and Series A+ financing funds for the construction of the Shanghai Jiading Experimental Base, NTST construction and operation, CTRFR-1 design and construction, and the continuous engineering promotion of key technologies such as fusion reactor grade high temperature superconducting magnets and AI plasma control.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.