On February 26, Startorus Fusion made an appearance in the reports on investment in key industries and the development of advanced manufacturing projects, which were released by many national and provincial mainstream media, including People's Daily Online, Shaanxi Daily, Qunzhong News, Sina Finance, Sanqin.com, Shaanxi CNWEST, and Sanqin Daily.
Headlines of People’s Daily Online, Shaanxi Daily and other media
These media reported Startorus as exemplifying the raid corporate development stimulated by government-channeled funds. They went, Startorus’s experienced R&D team and technological accumulation enabled the company to have obtained the Xi’an innovation investment fund within the shortest time span and the first round of angel investment for corporate development.
“It is exactly because of the Xi’an innovation investment fund that we can grow so fast. In just half a year or so, we complete the transformation of experimental plants and the installation of our fusion exploration device. The testing phase is just a few footsteps away, and we are making rapid progress”, said Chen Rui, CEO and founder of Startorus, when interviewed by the said media.
CAS Star is a Xi’an-based one-stop investment and incubation platform for hard technologies. Since its inception in 2013, it has invested in more than 400 hard technology startups and has managed funds as large as RMB 7.5 billion. It is one of the institutional investors in Startorus’s angel investment.
According to Mi Lei, founder of CAS Star, the incubator has focused attention on nuclear fusion for four or five years. He adds that the growth speed and technological level of Startorus catch his attention and the development mode of compactness, commercialization and rapid iteration holds promising prospects.
Startorus is the first commercial fusion energy developer supported by specialized institutional investors. It entered the west innovation acceleration center of THTI Holdings in Shaanxi in October 2021.
Since its establishment, Startorus has won hundreds of millions of capitals. At present, the company is equipped to verify the controlled fusion technology of repeated magnetic reconnection and is striving to develop the world’s most advanced spherical tokamak in the hope of drawing level with the world’s top level.
