NextFin News — Chinese aerospace company Beijing Weiguang Qihang Technology Co., Ltd. announced Tuesday that it has closed an Angel++ financing round valued at hundreds of millions of yuan to advance its heavy liquid-propellant launch vehicles.
The early-stage capitalization round was led by Changfeng Capital, with joint participation from multiple institutional backers including Feitu Venture Capital, Xinding Capital, Caixin Capital, and Zhongtian Huifu. The primary aerospace manufacturer will allocate the newly raised capital to expand its structural engineering and technical talent pools, accelerate the engineering development of its "Weiguang-1" all-carbon-fiber launch vehicle and "Huaguang-1" full-flow staged combustion liquid oxygen-methane rocket engine, and fund production lines for its 3.8-meter diameter carbon-fiber propellant tanks and core engine components.
Silicon supply constraints and classical satellite launch bottlenecks have reshaped how domestic capital is allocated among deep-tech hardware developers on the Chinese mainland. As commercial orbital deployment demand rapidly outpaces traditional state-backed launch infrastructure capacity, institutional venture funding is flowing heavily toward alternative private aerospace manufacturers capable of engineering low-cost, reusable heavy launch platforms. For defense-sector analysts and regional infrastructure allocators, this successful capital injection highlights a critical structural push to mature commercial liquid-methane propulsion and advanced composite manufacturing to support high-density mega-constellation deployments.
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