On September 29, Zhiyu Aerospace announced the completion of the 100 million yuan Angel+ round of financing. In this round of financing, the old shareholders Beidou Group, Civil Bank International, and Century Huatong continued to raise funds, while introducing new investors, Xuanhu Capital, a subsidiary of Xishanghai Group, the Youth Science and Technology Innovation Federation, and an industrial investor in the field of AI applications. The financing will focus on the development of the world's only reusable small launch vehicle, the “Fission Type A”. According to the plan, the “Fission-A” will meet the conditions for its first flight in the second quarter of 2027 and complete its first flight within 2027.
Zhitongcaijing · 19h ago
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On September 29, Zhiyu Aerospace announced the completion of the 100 million yuan Angel+ round of financing. In this round of financing, the old shareholders Beidou Group, Civil Bank International, and Century Huatong continued to raise funds, while introducing new investors, Xuanhu Capital, a subsidiary of Xishanghai Group, the Youth Science and Technology Innovation Federation, and an industrial investor in the field of AI applications. The financing will focus on the development of the world's only reusable small launch vehicle, the “Fission Type A”. According to the plan, the “Fission-A” will meet the conditions for its first flight in the second quarter of 2027 and complete its first flight within 2027.
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