36Kr Exclusive | "Infinite Aerospace" Completes Angel Round Financing of Tens of Millions of Yuan, Led by Joy Ventures and Followed by Inno Angel Fund
36Kr has learned that Beijing Infinite Aerospace Technology Co., Ltd. (hereinafter referred to as "Infinite Aerospace") recently completed an angel round of financing worth tens of millions of yuan. This round of financing was led by Joy Capital, with Inno Angel Fund participating as a follow - on investor. The funds raised will be used for the R & D of the company's space bus products to accelerate the commercialization process of in - orbit services in China.
Infinite Aerospace is a commercial in - orbit space service provider. The core team members come from the China Aerospace Science and Technology Corporation, with an average work experience of 15 years. They have undertaken the research and development of national key projects, and many of them have won national and military science and technology awards. They have also obtained multiple national defense patents and national invention patents. The independently developed in - orbit vehicles can achieve rapid and accurate multi - satellite deployment and have planned business areas such as in - orbit life extension, space transportation, and payload hosting. At the same time, it provides R & D and product development services for attitude and orbit control power systems and core components for rockets, satellites, spacecraft, and missile weapons, offering highly reliable and low - cost commercial customized services.
Its independently developed space bus series of in - orbit service vehicles can provide space transportation services between orbital altitudes of 200 km and 36,000 km. It solves the "last - mile" problem of current satellite deployment, has the ability of intelligent constellation deployment, enables multi - satellite ridesharing launches in different orbits, making satellite deployment more economical, rapid, and accurate.
Since 2020, foreign satellite deployment services have increasingly used orbital transfer vehicles. Hundreds of satellites around the world have been deployed into orbit through orbital transfer vehicles. Foreign bigwigs have entered this new commercial space track. Tom Mueller, the former co - founder and employee No. 1 of SpaceX, left the company to start a business and engaged in the development of such vehicles, aiming to provide better orbital logistics services. Blue Origin also established a space systems department in recent years and launched the Blue Ring vehicle project, aiming to solve two of the most difficult challenges in the current aerospace field: carrying out space infrastructure construction and improving in - orbit mobility.
Infinite Aerospace's "space bus vehicle" will fill the gap in the domestic commercial space industry in this field, providing a solution for multi - satellite deployment in different orbits, with technical parameters reaching the international leading level. Compared with the traditional satellite deployment mode, the deployment cost can be reduced by up to about 66%, and the in - orbit time can be saved by about 85%. In the future, the "space bus vehicle" can extend the in - orbit life of various in - orbit vehicles such as satellites and enable their de - orbit and re - entry, and provide delivery services for various types of payloads to more distant destinations, such as the Geostationary Earth Orbit (GEO), the Moon, and Mars.
Li Jian, the founder and CEO of Infinite Aerospace, said: "After this round of financing, the company will accelerate the R & D of the Space Bus Type I product and the production and implementation of the first - flight product. Through the orbital transfer ability of the space bus, we will make up for the short - board of the industry's space transportation services, promote the innovative development of in - orbit services, and accelerate the closed - loop of the space economy ecosystem."
Views of the investors:
Joy Capital pointed out: "The wave of high - frequency launches is coming soon. China's commercial space industry is facing unprecedented development opportunities, and the development and utilization of space resources are rising rapidly. With its independently developed in - orbit vehicles and unique advantages in orbital transfer ability, Infinite Aerospace is expected to occupy a strategic high - ground in the fields of satellite deployment and space infrastructure construction."
Liu Xi, a partner of Inno Angel Fund, said: "The Infinite Aerospace team has demonstrated excellent engineering capabilities and forward - looking business layouts in the field of commercial in - orbit service vehicles. We highly recognize its innovation ability in core power products and its unique advantages in achieving differentiated breakthroughs in the traditional commercial space industry. Inno Angel Fund will provide continuous resource investment and long - term strategic support to help the enterprise become a leader in the industry and jointly lead China's commercial space industry into a new stage."