"TopXGun" and "Xingchen Dahai" have both recently closed funding rounds

Technology Author: EqualOcean News Editor: Li linglong; Peng Lina Sep 28, 2023 06:35 PM (GMT+8)

EqualOcean has learned that recently, TopXGun(拓攻机器人), a civilian manufacturer of large-scale UAVs, announced that it has received C1 round of equity financing led by Archaeus Capital(含元资本). In addition, Hangzhou Xingchen Dahai Technology Co., Ltd (杭州星辰大海科技有限公司)(hereinafter referred to as "Xingchen Dahai"), a technology company focusing on the field of drone countermeasures, has completed tens of millions of dollars of Series A financing.


Shanghai TopXGun Robotics Co., Ltd. was founded in 2015, with more than ten years of independent research and development and production experience in the brain of the drone - flight control system, and has expanded its business to provide the whole aircraft program and peripheral sensors, high-precision mission payloads, industry application software and drone cloud services, and its main products include unmanned aircraft, unmanned reconnaissance/surveillance aircraft, robots, military drones, and military drones, as well as the most advanced technology. Its main products include drones, unmanned reconnaissance/surveillance aircraft, robots, military drones, and communication terminals, which are widely used in agricultural plant protection, electric power inspection, logistics and transportation industries. Since its establishment, it has applied for more than 300 intellectual property rights and authorized nearly 200 patents.

TopXGun Robotics is the first civilian aircraft manufacturer in China to successfully test fly a large-scale UAV for feeder logistics scenarios. In recent years, TopXGun Robotics has carried out product development and test flight deliveries in several regions in the central and western parts of China. TopXGun Robotics also has a layout in the eVTOL field, and has completed the cooperative development with leading large-scale customer enterprises.

The data on the official website of TopXGun Robotics shows that TopXGun has sold more than 20,000 sets of professional plant protection flight controls and served more than 400 domestic customers and more than 100 overseas customers (Japan, Korea, Australia, Southeast Asia, North America, etc.).

Founded in 2020, Xingchen Dahai is a technology research and development service provider dedicated to the field of UAV countermeasures, focusing on technical research in the field of low-altitude security, product research and development, production, sales work, and undertake a number of major scientific research projects in the military, government-related fields. Xingchen Dahai has full-coverage R&D capability of UAV countermeasure system, and all core technologies have fully independent intellectual property rights. The company makes use of the characteristics of UAVs such as high altitude, long retention time, mobility and flexibility to provide the army with UAV products combining offense and defense.

EqualOcean reviewed the data of Spherical Insights and found that the global UAV market reached USD 28.5 billion in 2021, and is expected to reach USD 260 billion by 2030, with a CAGR of 27% from 2022 to 2030, which is a promising market prospect. Moreover, the global anti-drone market size will grow from USD 1.4 billion in 2021 to USD 12.6 billion in 2030, according to a report by Precedence Research. In the future, innovations, government regulatory changes, and new use case opportunities are likely to have a significant impact on the business related to drones and market.

There are many well-known companies in the drone field at home and abroad, and China's representative ones are DJI(深圳市大疆创新科技有限公司), Yuneec(灵眸科技), and EHang(广州亿航智能技术有限公司); on the international front, the U.S. Boeing Company (美国波音公司), the U.S. Zero Zero Robotics (美国零度视界), and the Israel Aerospace Industries (以色列航空工业公司) are all fairly well known.

This round of financing is led by Archaeusl Capital and followed by Hyperspace Capital(多维资本), which will support TopXGun to further build an all-round "digital sky" and UAV ecosystem. Dr. Zhang Liang, a partner of Archaeusl Capital, said that as the first domestic technology company to successfully test fly large-scale logistics drones, TopXGun has already demonstrated its "technology commercialization" capability through the large-scale drone projects of several customers. This round of financing was led by Goldport Capital(紫金港资本), followed by Heda Investment(和达投资) and Huimian Investment(汇冕投资), and will be used mainly for the delivery of new projects and research and development expenditures.