The developer behind Genshin Impact and Honkai Impact 3rd, MiHoYo, has contributed $65 million towards the nuclear fusion technology company Energy Singularity.
Energy Singularity’s first financing round was led by MiHoYo and also saw funding raised from NIO Capital, Sequoia China Seed Fund and BlueRun Ventures.
The nuclear fusion company is aiming to lower carbon emissions by making Tokamak devices and operational control systems. It intends to use the funds to research and develop the first small Tokamak experimental device with advanced magnet systems and materials that serve as high-temperature superconductors.
The goal of Energy Singularity is, according to a tweet by Niko Partners senior analyst Daniel Ahmad, to primarily use these funds to build "its own Tokamak device by 2024".
Ahmad also noted that members of Energy Singularity’s staff attended Shanghai Jiao Tong University, which MiHoYo's founders also attended.
MiHoYo, the developer of Genshin Impact, has led a $65m funding round in Shanghai based Energy Singularity which is a company involved in nuclear fusion technology, tokamak devices and operational control systems.— Daniel Ahmad (@ZhugeEX) February 27, 2022
The company plans to build its own Tokamak device by 2024. pic.twitter.com/Aw4BSTHFjg
Founded in 2021, The Energy Singularity team is also comprised of individuals from Stanford University, Peking University, and more.
MiHoYo recently revealed the launch of its new international cross-media brand, HoYoverse, as a reflection of its commitment to providing immersive experiences.