Satellite Company Xiopm Space Nets Nearly 100 Mn in Series A

Technology Author: Qinqie He, Yunfeng Zhang Jan 18, 2023 05:11 PM (GMT+8)

The leading Chinese commercial satellite company Xiopm Space(Chinese:中科西光航天) successfully launched its hyperspectral satellite Xiguang-003.


Xiopm Space, China's first commercial space company to develop a constellation of fully independent hyperspectral remote sensing satellites, announced that it had raised nearly CNY 100 million in Series A. The investors include capitech(Chinese:西安高新技术产业风险投资), Chengdu Capital Group(Chinese: 成都科创投集团), Xi’an Finance investment Management(Chinese: 西安财金科创天使基金), and Hainan Xuanyou Private Fund Management (Chinese: 海南煊佑私募基金). Proceeds raised in this financing round will be mainly used in the development of products as well as production line planning.

Xiopm Space is a mixed-ownership commercial space company pioneered by the Xi'an Institute of Optics and Precision Mechanics of CAS(Chinese Academy of Sciences) to integrate internal and external commercial space resources and held by its wholly-owned asset management company Xiopmi(Chinese: 西光产业) Representative. Using the commercialization and industrialization approach to create a joint development model of the institute & enterprise, the company is fully focused on the military-civilian integration of remote sensing ecological monitoring constellation.

Xiopm Space firmly develops its technical research in hyperspectral satellites, accelerating the ambitious layout of hyperspectral remote sensing constellations and striving to be the leader in the field of commercial spaceflight in China. At the same time, the company will connect to the capital market as early as possible and boost the development of China's commercial space industry with the brand and power of the capital market.

Xiopm Space’s competitors include SHAANXI Aerospace Power (Chinese:陕西航天动力),Smart Satellite(Chinese:智星空间) and ZhongTian Rocket(Chinese: 中天火箭)