Shenlan Space completes two financing rounds totaling nearly 2 billion yuan
technology4 h ago
coda.news AI summary
- Investors include Wuxi National High-tech Zone Investment Group, Xichuangtou, Yida Capital, Haisong Capital, Shanghai Free Trade Zone Fund, Zhuoyuan Capital, Wanshi Capital, Huafu Capital, Baotong Technology, Hongrun Construction, and Youluoka.
- Funds will be directed to the R&D and commercialization of Shenlan Space's two reusable-reentry orbital rocket families, and to scale-up of engine production capacity and ground testing facilities.
- The rounds aim to significantly advance talent recruitment for the company.
- The financing involves local state-owned capital and multiple investment institutions.
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