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1.2 billion! Blue Arrow, a private rocket company, refinances, and Country Garden and others jointly lead the investment

On September 9th, the private rocket company Blue Arrow Aerospace Technology Co., Ltd. (Blue Arrow Aerospace) announced that it completed 1.2 billion yuan in C+ round financing in September. In the past 12 months, the company has received more than 1.8 billion yuan in investment.

This round of financing was jointly led by Sequoia Capital China Fund, Country Garden Ventures, Matrix Partners China, and the listed companies of Cornerstone Capital. It also received the National Small and Medium-sized Enterprise Development Fund, Huzhou Saiyuan Government Fund, and Lightspeed China, Gopher Assets, With the investments of Yanfu Investment, Wanbai Capital, Lakeside International, and Sunac Investment, the old shareholders Luxin Venture Capital, Yisheng Investment, and Juzhuo Capital continued to invest more.


According to Blue Arrow, this round of financing will provide sufficient guarantee for the development of the Suzaku II series of liquid carrier rocket products, and continue to build the company's unique medium and large liquid oxygen methane rocket development and batch production capabilities.

Zhang Changwu, founder and CEO of Blue Arrow Aerospace, said: "Blue Arrow Aerospace is still in the accumulation and exploration period. The team will continue to uphold a prudent and truth-seeking attitude, focus on commercial satellite launch needs, and focus on building the efficient capacity of the Suzaku series of liquid rockets. Assist the development of the national aerospace industry."

As of the end of August 2020, Blue Arrow has successfully completed a number of full-system hot test runs for the “Tianque” 80-ton and 10-ton two-type engines. The Zhuque-2 liquid carrier rocket has also completed a number of important ground tests. The components have been delivered one after another. (Quietly)

Source: NetEase Technology Report, translated by Google Translate


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