Dahang Yueqian completed a financing of 500 million yuan.

36Kr learned from Huaxing Capital that recently, Dahang Yueqian completed a financing of 500 million yuan. This round of financing was led by Qianhai Ark, Houji Capital, and Puhua Capital. Institutions such as Junling Capital, Haiyuan Capital, Huifengda, Junchuan Capital, Chongqing Shachuang Technology, Zhongzhong Technology, Yuancuang Capital, Hanli Capital, Shanghai Angel Club, and the industrial partner Shenhou Cable jointly participated in the investment, and some old shareholders continued to increase their stakes. Huaxing Capital served as the long - term financial advisor. The funds raised this time will be mainly used to accelerate the development and first flight of Dahang Yueqian's core product, the first domestic tower - recovery launch vehicle "Yueqian 1", and the R & D and testing of a 100 - ton liquid oxygen methane engine.