Chinese Orbital Startup Raises Tens of Millions of Yuan in Angel Round Funding

Insider Brief

• Beijing Infinite Aerospace Technology has raised tens of millions of yuan in an angel round led by Jiuhe Venture Capital and Inno Angel Fund, with funding earmarked for the development of its space shuttle vehicle for on-orbit services.
• The company’s vehicle is designed to solve the “last mile” challenge in satellite deployment, offering cost savings of up to 66% and orbit insertion time reductions of up to 85%, while enabling advanced services like on-orbit life extension and payload delivery.
• Investors highlighted Infinite Aerospace’s strategic positioning as China’s commercial space sector enters a phase of rapid growth, with plans to accelerate production of its first flight model and close the loop on space infrastructure and transport services.

PRESS RELEASE – InfinAstro, officially named Beijing Infinity Aerospace Technology Co., Ltd., recently completed an angel round of financing of tens of millions of yuan. This round of financing was led by Jiuhe Venture Capital and followed by Inno Angel Fund. The funds raised will be used for the company’s space bus product research and development to accelerate China’s commercialization of in-orbit services.

Technological breakthroughs to fill market gaps

Beijing Infinite Aerospace Technology Co., Ltd. is committed to accelerating the commercialization of China’s commercial space on-orbit services. The company’s independently developed space bus series of on-orbit service aircraft can provide space transportation services between 200km and 36,000km orbital altitudes. It solves the “last mile” problem of current satellite deployment, has the ability to deploy constellations intelligently, and realizes the launch of multiple satellites in different orbits, making satellite deployment more economical, fast and accurate.

Since 2020 , foreign satellite deployment services have increasingly been completed using orbital transfer vehicles. Hundreds of satellites around the world have been deployed into orbit via orbital transfer vehicles. Foreign giants have come out one after another to bet on this new commercial aerospace track. Tom Mueller, former co-founder and No. 1 employee of SpaceX, resigned to start a business and devoted himself to the development of such aircraft, aiming to provide better orbital logistics services. Blue Origin has also established a space system department in recent years and launched the Blue Ring aircraft project, aiming to solve the two most difficult challenges in today’s aerospace field: carrying out space infrastructure and improving on-orbit mobility. 

Infinite Aerospace’s “Space Shuttle Vehicle” will fill the gap in the field of domestic commercial aerospace, provide solutions for multi-satellite deployment in different orbits, and its technical parameters have reached the international leading level. Compared with the traditional satellite deployment model, the deployment cost can be reduced by up to about 66%, and the time to enter orbit can be saved by about 85%. In the future, the ” Space Shuttle Vehicle ” can achieve on-orbit life extension and off-orbit re-entry of various types of aircraft such as on-orbit satellites, and provide delivery services for various types of payloads to reach more distant destinations, such as geostationary orbit ( GEO), the moon and Mars.

Investor’s view: Betting on the long-term value of the aerospace track

Jiuhe Venture Capital pointed out: “The wave of high-frequency launches is coming , China’s commercial space industry is facing unprecedented development opportunities, and the development and utilization of space resources is rising rapidly. Infinite Aerospace is expected to occupy a strategic commanding position in the field of satellite deployment and space infrastructure construction by relying on its independently developed on-orbit vehicles and its unique advantages in orbital transfer capabilities . “

Liu Xi, partner of Inno Angel Fund, said: “The Infinite Aerospace team has demonstrated outstanding engineering capabilities and forward-looking business layout in the field of commercial spaceflight on-orbit service vehicles. We highly recognize its innovative capabilities in core power products and its unique advantages in achieving differentiated breakthroughs in the traditional commercial spaceflight field. Inno Angel Fund will continue to invest resources and provide long-term strategic support to help the company become an industry leader and jointly lead China’s commercial spaceflight into a new stage. “

Ding Wei, co-founder of old shareholder Xishan Angel Club, said: “As a venture capital firm that invested in the seed round of Infinite Aerospace , we highly recognize the core R&D capabilities of the entrepreneurial team headed by Li Jian in aerospace on-orbit vehicles, commercial upper stages and aerospace engines . China’s commercial aerospace industry is still in its infancy, and there is unlimited potential for basic space services . Xishan adheres to the concept of ‘joint investment and mutual promotion, mutual assistance in entrepreneurship’ and once again invests in a start-up aerospace project. We will fully support Infinite Aerospace in exploring the field of on-orbit services and help it become a leader in the field of on-orbit services in China and even the world. “

Founder’s Outlook : Targeting New Growth in Commercial Space

Li Jian, founder and CEO of Infinite Aerospace, said: “After this round of financing, the company will accelerate the development of the Space Shuttle Type I product and the production of the first flight product. Through the orbital transfer capability of the Space Shuttle, we will make up for the shortcomings of the industry’s space transportation services, promote the innovative development of on-orbit services, and accelerate the closed loop of the space economy ecosystem.

Beijing Infinite Aerospace Technology Co., Ltd. is committed to providing commercial on-orbit space services. Its independently developed on-orbit vehicles can achieve rapid and precise multi-satellite deployment, and has planned business areas such as on-orbit life extension, space transportation and payload hosting. At the same time, it can undertake technical research and development and product development services for single/dual-component liquid attitude control power systems, cold air attitude control power systems, single engines and component products for rockets, satellites, spacecraft, space stations and deep space probes; and provide highly reliable and low-cost commercial customized services.

Editor’s Note: This document was translated through the use of artificial intelligence.