Chinese orbital logistics startup InfinAstro raises angel round funding

Chinese orbital logistics startup InfinAstro raises angel round funding

Chinese startup InfinAstro has secured early funding for its plan to fill a gap in China’s commercial on-orbit services. The post Chinese orbital logistics startup InfinAstro raises angel round funding appeared first on SpaceNews.

InfinAstro Secures Angel Funding for Orbital Logistics

InfinAstro has secured initial funding to support its mission of advancing commercial on-orbit services in China. InfinAstro, formally known as Beijing Infinity Aerospace Technology Co., Ltd., has raised tens of millions of yuan through angel funding. According to an InfinAstro statement on March 24, the investment was led by the venture capital firm Unity Ventures and followed by the Beijing-based venture capital firm InnoAngel Fund. The funds …

Chinese startup InfinAstro, also known as Beijing Infinity Aerospace Technology, has announced that it has raised significant investment, ranging from several to tens of millions of yuan (ranging from $3 million to $13 million), in an angel round. The funds will be used to develop “space tugs” – orbital transportation systems (OTS) that are intended to accelerate the commercialization of space services in... The post Chinese company InfinAstro h…