On December 12, it was reported that Rocket (Taicang) Aerospace Technology Co., Ltd. (“Rocket”) has completed a round of tens of millions of yuan in angel financing. This round of financing was led by the Hainan 100 billion fund and the local government industry fund Suzhou State Fa Venture Capital and the old shareholder Shanghai Huo Lei followed the investment and completed three rounds of financing in total during the year.
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The new round of financing is mainly used for the production of key components such as storage tanks, cabin sections and telemetry electrical products of the “Darwin II” liquid carrier rocket project and the expansion of the technical team.
It is understood that on September 6 this year, the Rockets Group and Taicang High-tech Zone held a signing ceremony. The Rockets General Assembly General Test Base landed in Taicang High-tech Zone. Taicang High-tech Zone is listed as “Suzhou Aerospace Featured Leading Industry Cluster.” This round of financing introduces local government industry funds to lay the foundation for rockets to develop carrier rockets with rapid response, sample return, and flight-like characteristics. Taicang High-tech Zone will build a 50 billion-level biomedical industry cluster.
So far, the Rocket Group has formed a dual R&D center in Beijing and Shanghai, a dual base in Taicang Rocket General Assembly and a Suzhou Space Biological Experiment Base.
In terms of company planning, after a year of preparation and development, the total number of Rocket team members has reached more than 50. The technical team is led by Zhuang Fengyuan, an academician of the International Academy of Astronautics, and Min Changning, former member of the Standing Committee of the Science and Technology Committee of China Aerospace Science and Technology Corporation, and chief engineer of satellite engineering. The launch vehicle team has basically completed all sub-system positions. Cheng Wei also worked with Xiaomi’s equity design partner Zhang Mingruo’s team of lawyers to formulate an “employee stock ownership plan” for Rocket Group. At present, Rocket Group has completed the first phase of employee equity distribution. Cheng Wei added, “The scientific design of the equity system is a strong guarantee for the expansion of the Rockets team to 150 in 2022 and the long-term development of the company in the future.”
Rocket’s first liquid carrier rocket “Darwin II” uses a 70-ton liquid oxygen methane engine in the first stage and a 10-ton liquid oxygen methane engine (vacuum version) in the second stage. The first flight is planned for 2023.
Up to now, Rocket Group has signed cooperation agreements with Shanghai Jiaotong University, Ruijin Hospital and other units to jointly develop the space biomedicine market. (Quietly)
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