Helical Fusion Raises 3.23 Billion Yen in Series B Second Close
The funding keeps Helical Fusion's Helix Program on its stated path toward integrated demonstration with the final demonstration device Helix HARUKA in the mid-2030s and practical power generation with the commercial unit Helix KANATA, which is what the company's commercial fusion plan is organized around.
Reporting from 1 source: ASCII.jp.
Helical Fusion completed a 3.23 billion yen second close of its Series B round, the company said in a funding announcement carried by ASCII.jp. New shareholders include Fuji Electric, Fujikura, Tokyo Gas, KKT LLC, Urata, and KEPPLE GROUP. Fuji Electric will also join the Helix Program's Official Partner system. The Series B round has now raised 5.93 billion yen in total, with cumulative funding of 13.05 billion yen including subsidies and loans.
The new close brings the Series B round to 5.93 billion yen. The company puts cumulative funding at 13.05 billion yen including subsidies and loans, a figure that does not include the Ministry of Economy, Trade and Industry's Fusion Energy Power Generation Demonstration Promotion Project Subsidy, for which Helical Fusion has been selected as a conditionally approved operator. The company is developing a helical-type fusion power plant, and its Helix Program sets the development sequence out to the Helix HARUKA demonstration device in the mid-2030s and the commercial unit Helix KANATA.
- Ando Hazama Corporation: capital alliance announced in July 2026
- Fuji Electric Co., Ltd.: also participating in the Helix Program Official Partner system
- Fujikura Ltd.
- Tokyo Gas Co., Ltd.
- ecloud NEXT: third installment of ecloud Inc.'s individual investor-focused individual stock fund
- Urata Co., Ltd.
- KKT LLC
- KEPPLE GROUP, Inc.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.