Commercial aerospace is a typical high-tech, high-investment, long-term, high-risk industry. Capital investment of hundreds of millions of yuan makes it difficult for startups to do without financial support from the capital market. Understanding the investment pattern in the commercial aerospace sector is crucial to grasping industry dynamics. If an investment institution has invested in the commercial aerospace track, then this is by no means an isolated action, but a strategic start, which means that they are very likely to take a series of coherent actions in the future, both to spread risks and to capture the overall dividends of the track. Therefore, understanding which institutions have invested in the commercial aerospace track can not only identify those investment institutions that truly understand and are optimistic about the commercial aerospace track in the long term, but also better identify those “hot money” that may just be chasing the trend. The “hot money” may quickly withdraw when the situation changes, which is not conducive to the company’s survival and long-term development.
In January 2025, Beijing Hangxing Transmission Technology Co., Ltd. completed the A+ round of financing, exclusively invested by BoCom Capital.
In January 2025, Blue Arrow Aerospace received an investment of 900 million yuan from the National Manufacturing Transformation and Upgrading Fund, setting a new record for the single investment amount in Blue Arrow Aerospace’s previous financings.
In February 2025, Beijing Jiutianxingge Aerospace Technology Co., Ltd. completed the A++ round of strategic financing of over 100 million yuan, which was jointly invested by the Beijing Commercial Aerospace and Low Altitude Economic Industry Investment Fund and the Beijing New Materials Industry Investment Fund.
In February 2025, Taiyi Micro Bank completed a seed round of financing of 25 million yuan, led by Yuanhe Origin, followed by Shanghai Pudong Innovation Investment Group.
In March 2025, Beijing Xingyu Aerospace Technology Co., Ltd. completed tens of millions of yuan in angel round financing, led by Zhongguancun Qihang Investment and followed by Longding Investment.
In March 2025, Beijing Infinite Aerospace Technology Co., Ltd. completed tens of millions of yuan in angel round financing, led by Jiuhe Venture Capital and followed by Inno Angel Fund.
In March 2025, Beijing Lanling Xingtong Technology Co., Ltd. completed tens of millions of yuan in angel + round financing, led by Linge Venture Capital, followed by Hongfu Assets and high-net-worth individual investors.
In March 2025, Beijing Yushi Space Aerospace Technology Co., Ltd. completed tens of millions of yuan in angel round financing, led by Linge Venture Capital, followed by Yingtan Aerospace and Shuimu Tsinghua Alumni Seed Fund.
In March 2025, Aikosa Technology completed a new round of financing, led by Chengdu Science and Technology Venture Capital.
In March 2025, Deep Blue Aerospace completed the B4 round of financing with a total scale of nearly 500 million yuan, led by Tai’an Yuanwang New Energy Industrial Investment Fund, a subsidiary of Taishan Industrial Development Investment Group.
In April 2025, Xingyi Lianxin successively completed the Pre-A+ round and A round of financing. Among them, the Pre-A+ round continues to receive additional investment from old shareholders Meihua Venture Capital and Yuanhang Capital; the A-round investment institutions include Liangxi Science and Technology Innovation Industry Fund of Funds (Bohua Capital Management), Baoding Electric Valley Fund managed by Luxin Venture Capital, Meihua Venture Capital and other institutions.
In April 2025, Universal Aerospace completed a new round of strategic financing of over 100 million yuan, led by Liangxi Science and Technology Innovation Industry Fund of Funds, and followed by Huafu Growth Investment.
In May 2025, Aurora Skycom completed an A++ round of strategic financing exceeding RMB 100 million, which was jointly invested by Beijing Commercial Aerospace and Low Altitude Economic Industry Investment Fund, Binfu Capital, Ningbo Qianwan New Area Yongshang Yarong Venture Capital, and Optics Valley Financial Holdings. Old shareholders such as Yangtze River Capital continue to follow suit.
In May 2025, Xinhui Kongtian completed tens of millions of yuan in Pre-A round financing, jointly invested by Xiaomiao Langcheng and Tongchuang Weiye.
In June 2025, Xingchen Optoelectronics completed the Pre-A round of tens of millions of yuan in strategic financing, jointly led by Yuanhang Capital and Yida Capital, with Yinlian Capital following the investment.
In June 2025, Yushi Space completed an angel+ round of financing of over 100 million yuan, led by Qiancheng Capital and followed by Huacang Capital.
In June 2025, Blue Star Optical Field completed tens of millions of yuan in Series B financing, invested by Runyang Optoelectronics Industry Fund (jointly established by Xiyang Capital and Zhongrun Optics).
In June 2025, Xinghan Space completed Series A financing, invested by Huanghai Huichuang.
In June 2025, Beijing Zhilian Technology Co., Ltd. completed hundreds of millions of yuan in Series D+ financing, led by the Beijing Commercial Aerospace and Low Altitude Economic Industry Investment Fund.
In June 2025, Beijing Hua Magnesium Titanium Technology Co., Ltd. completed a Pre-A round of financing of nearly 100 million yuan, led by Xingxiang Capital, followed by Guoke Jiahe, Xiangjiang Group Dakecheng Fund, and Leyi Capital.
In June 2025, Beijing Orbital Chenguang Technology Co., Ltd. completed an angel round of financing of 30 million, and the investment institution was Lenovo Venture Capital.
In June 2025, Beijing Traveler Manned Space Technology Co., Ltd. completed tens of millions of yuan in angel + round financing, jointly invested by Zhongtian Huifu and Binfu Capital.
In June 2025, Sichuan Chuangzhi Lianheng Technology Co., Ltd. completed the A+ round of financing, and the investor was Beijing Innovation Industry Investment.
In June 2025, Xingyao Guangyu (Changzhou) Technology Co., Ltd. completed the Pre-A round of financing, led by Guohai Innovation Capital, followed by Changzhou Municipal Government Fund, Changzhou Science and Education City Group’s Yuanke Venture Capital, Qitai Capital, Changzhou High-tech Investment, Jiangsu Guojing Capital, etc.
In July 2025, Yiwei Aerospace (Beijing) Technology Co., Ltd. completed a tens of millions of seed round financing, exclusively invested by Linge Venture Capital.
In July 2025, Xingchi Sky (Jiangsu) Aerospace Technology Co., Ltd. completed angel round financing, jointly invested by Yuanke Venture Capital, Qitai Capital, Wujin High-tech Investment, and Taihua Venture Capital.
In July 2025, Zhihang Space (Wuxi) Technology Co., Ltd. completed angel round financing, and the investor was Xi Venture Capital.
In July 2025, Beijing Aerospace Yilong Technology Co., Ltd. completed an angel round of financing of over 100 million yuan, led by Yuande Capital, followed by the national strategic emerging industry guidance fund parent fund and relevant local government industry funds.
In July 2025, Zhongke Mingguang (Jiangsu) Measurement and Control Co., Ltd. completed angel round financing, and the investor was Nantong Jiayi.
In July 2025, Tianluhai Navigation completed nearly 100 million yuan in Series A financing, exclusively invested by Jinshi Future Fund.
In July 2025, Taihu Nebula (Wuxi) Technology Co., Ltd. completed a Series A financing of over half a billion yuan, led by the Wuxi Liangxi District Science and Technology Innovation Industry Investment Fund.
In July 2025, Beijing Spacetime World Technology Co., Ltd. completed the A+ round of financing, led by Qianhai Jiupai Capital.
In July 2025, Aerospace Engineering Equipment (Suzhou) Co., Ltd. completed hundreds of millions of yuan in Series B financing. The investment institutions were national industrial funds, Suzhou Asset Management, Liyang High-tech Zone Smart Energy Storage Fund, and China Nonferrous Metals Industry Association.
In July 2025, Shanghai Jingji Communication Technology Co., Ltd. completed the B+ round of financing, jointly invested by Huazhen Fund and Shenzhen Venture Capital.
In July 2025, Beijing Blue Arrow Hongqing Technology Co., Ltd. completed a new round of strategic financing, invested by China Information and Communications Technology Group Co., Ltd. through its investment platform, Wuhan China Information Technology Capital Venture Capital Fund Management Co., Ltd.
In August 2025, Aerospace Yuxing completed a C+ round of financing of 430 million yuan. Investors include Cinda Capital, Gongda Venture Capital, Caitong Capital, Hanjiang Capital, Yangtze River Capital, Naisi and Jigang Group.
In August 2025, Beijing Traverser Manned Space Technology Co., Ltd. completed an angel + super round of financing, with additional investment from TusStar.
In August 2025, Guoyu Xingchen completed the Pre-A+ round, invested by Shangqi Capital.
In September 2025, Galaxy Power completed a new round of strategic financing of over 100 million yuan, and the investor was Gaoxin Capital.
In September 2025, Tianqing Aerospace completed nearly 100 million yuan in Series C+ financing, exclusively invested by Puhua Capital.
In September 2025, Spark Space completed an angel round of financing of 55 million yuan, jointly led by Jinsha Capital and Hefei Industrial Capital.
In September 2025, Star Glory completed the delivery of the first batch of D+ round financing of RMB 700 million. The investment was led by Chengdu Major Industrialization Project Phase II Equity Investment Fund Co., Ltd., a fund under Chengdu Advanced Capital, and was followed by funds under Chengdu Airport Innovation and Venture Capital Co., Ltd. and Chengdu Yingyuan Private Equity Management Co., Ltd.
In September 2025, Xingkuan Jiuzhou completed the Pre-A round of financing, led by Tianchuang Capital, followed by Lushi Investment and Junyuan Capital.
In September 2025, Star Test Future completed Series A financing. Among them, the A1 round was led by Xi Venture Capital, followed by Yicun Capital and others; the A2 round was led by Jiangyin High-tech Financial Investment, followed by Jiangyin Talent Fund and others.
In September 2025, Juntian Aerospace completed hundreds of millions of yuan in Series B financing. The investors were Jiangsu Province Huishan High-tech Zone Industrial Fund Huicui Hengyi, Binfu Capital, Huishan Science and Technology Innovation Group, and Xi Venture Capital.
In September 2025, Shenzhen Xiandeng Aerospace Technology Co., Ltd. completed angel round financing, jointly invested by Guoxiang Capital, Xunlei New Energy and iFlytek Ventures.
In September 2025, Spark Space completed an angel round of financing of 55 million yuan, jointly led by Jinsha Capital and Hefei Industrial Investment Capital, followed by Hefei Industrial Investment Science and Technology Innovation Fund and Hefei Angel Investment Fund.
In September 2025, Spacetime Zonzi completed tens of millions of yuan in Series A+ financing, jointly invested by Rice Venture Capital and Zhenhai Huizhi Angel Fund.
In October 2025, Tianbing Technology completed nearly 2.5 billion yuan in new Pre-D and D rounds of financing. Investment institutions include Guoyu Gaohua, Jigang Group, Orient Assets, Shenwan Investment, Bank of China Assets, Guiyang Industrial Development Fund, Beijing Jiaotong United, Hunan Shengli Investment, Hunan Hi-tech Zongheng, Qingshui Huixing, etc.
