Hangzhou - China private manufacturer Landspace rocket has completed its series C + fund worth 1.2 billion yuan ($ 175 million), the company announced on Wednesday

The company has raised A total of 1.8 billion yuan. During the past year. The last round of funding support the development of the carrier rocket liquid propulsion ZQ 2, and research and production of large carrier rockets oxygen-methane liquid medium and large.

The company will take advantage of market opportunities for global deployment of satellites, increased investment in research and development, and foster talent to increase its commercial launch capabilities.

Zhang Changwu, founder and CEO of Landspace, said the company will focus on the demand for commercial satellite launches and increase the transport capacity of the ZQ series of liquid fuel rockets. hot cooking tests

at the end of August, the company had completed 80 tons and 10 tons TQ rocket. The ZQ-2 liquid-fuel rocket has undergone a series of ground tests with key components delivered.

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