Series A · Space tech
Guoke Xingqing adds investors in Series A for satellite propulsion
The financing backs development of its Hall-effect propulsion business.
Guoke Xingqing has completed a Series A with participation from Anfeng Venture Capital, Guotai Junan Chuangtou, Xingxiang Group, Zhongke Xianxing Venture Capital, Nanshan Strategic Emerging Industries Investment and Baiyan Fund. The amount was not disclosed.
Stockstar reported the transaction on October 27, citing financing information published through Tianyancha on October 18. The Hangzhou company develops Hall-effect electric propulsion systems for commercial satellites and plans to deepen its research and production capabilities.
Use of funds
Develop Hall-effect propulsion systems
Funding history
Series A · This roundUndisclosed
FinancingUndisclosed