NextFin News — Commercial rocket company Jian Yuan Technology has completed a B++ financing round, bringing its cumulative fundraising over the past six months to more than 2.3 billion yuan.
The B-series rounds were jointly led by IDG Capital, Hundun Investment, Hangzhou Capital and Songyuan Venture Capital, with participation from Heda Investment, Linglan Capital, Huafu Capital, Yida Capital and other investors, alongside continued support from existing shareholders.
Proceeds will mainly support the first flight of the Yuanxingzhe-1 reusable rocket, recovery and reuse verification, and the development of commercial launch capabilities. The company expects the vehicle to be ready for its debut flight by the end of 2026.
Explore more exclusive insights at nextfin.ai.
