Private Chinese Enterprise Deep Blue Aerospace Completes Round-A+ Financing
Deep Blue Aerospace (DBA) announced Tuesday that it has completed a round A+ of financing, led by CMBC International and followed by existing shareholders such as Zhencheng Capital. This round of financing will be used to accelerate the firm’s development of recyclable and reusable technology for Nebula series rockets and Leiting series engines, 3D printing additives manufacturing processes and related infrastructure construction.
Since its establishment in 2016, DBA has focused on realizing the technique of reusing Chinese launch vehicles, and has independently developed and produced Chinese reusable rockets comparable to the international market level. It is a high-tech commercial aerospace enterprise that provides launch services to Chinese and international markets.
Headquartered in Nantong, Jiangsu Province, DBA has rocket technology and liquid engine R&D centers in Beijing’s Yizhuang and Xi’an, Shaanxi Province, respectively. It also has a manufacturing and testing base for rocket power systems in Tongchuan, Shaanxi Province.
At the end of July, 2021, DBA completed the first free flight of a Chinese liquid oxygen kerosene rocket in vertical take-off and vertical landing (VTVL). In October 2021, the firm again successfully completed the recovery test of 100-meter VTVL. If everything goes according to the plan, DBA will complete the first orbit launch-recovery mission of its Nebula-M1 rocket launcher by the end of 2024, thus officially opening the curtain for the commercial operation of recyclable carrier rockets in China.
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Huo Liang, CEO of Deep Blue Aerospace, said that realizing the recovery and reuse of rockets is one of the direct and effective measures to increase launch frequency and reduce launch costs. It is also the inevitable direction of rocket technology development in the future, which has great commercial and social value.