Xinghe Power Collected CNY 200 Million in Series A Round
Xinghe Power, a rapidly emerging Private Aerospace Corporation which is also known as Galactic Energy, completed Series A round financing and gathered CNY 200 Million. According to the company, the fund will be used to support the development of its liquid-fuelled rocket, “Pallas-1”, and the mass production of Ceres-1 solid-fuelled rockets.
Xinghe offers both launch equipment and rockets. The company aims to provide low-cost and reliable space launch solutions.
This text is a result of machine translation.
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