Xunhang New Materials completes Series A for aerospace composites
Addor Capital, October Capital, BOC International Capital and Zhongke Shenguang participated.
Xunhang New Materials has completed a Series A with investment from Addor Capital, October Capital, BOC International Capital and Zhongke Shenguang Equity Investment. October Capital announced the financing on July 7.
The round was described as being at the hundred-million-yuan level; an exact amount was not disclosed.
The Suzhou company develops materials for thermal management, high-temperature protection and integrated structural functions. It plans to expand these capabilities for satellite, defense and advanced industrial equipment applications.
Use of funds
Develop thermal protection, heat management and structural functional composites
Expand aerospace and industrial applications