Recently, Shanghai Jianqi Technology Co., Ltd. completed the Angel Round series of financing, which has raised a total of 200 million yuan since its establishment in January this year. This round of funding will be used for the development of the “Shanghai Jian-1” and the construction of the Shanghai rocket factory. According to Tianyan Research, 01 Space Technology Co., Ltd. holds 8.6252% of the shares in Arrow, and Shanghai 01 Starry Sky Technology Co., Ltd. holds 21.5629% of the shares. The latter is 99% owned by Shu Chang, founder of 01 Space. 01 Space introduced it in April of this year. Its Linglong series is centered on solid rockets, while Arrow Kai focuses on liquid rocket reuse technology. Both sides have laid out two “solid+liquid” routes.

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