Xingyao Guangyu raises strategic funding for satellite optical payloads
GP Hi-Tech Capital led financing for infrared sensing and space laser communications production.
Xingyao Guangyu has completed strategic financing led by GP Hi-Tech Capital, known in China as Jinpu Intelligent. A July 20 announcement described the investment as hundreds of millions of yuan, without giving an exact amount.
Dongwu Innovation Capital, Zhongxing Capital, Huiyan Capital, Zhongnuo Venture Capital, Neijiang Gaoxin Ketou and Boquan Capital also participated, according to the announcement.
The Changzhou company develops infrared sensing payloads and laser communications equipment for satellites. It plans to use the funding to advance these technologies and upgrade production lines.
Use of funds
Upgrade satellite infrared sensing and space laser communications technology
Expand automated production