The developer of electric servo systems, "Xinhui Aerospace", which has successfully followed rocket launches more than ten times, has completed a Pre-A round of financing worth tens of millions of yuan | Exclusive from 36Kr

Text | Liu Jingqiong

Editor | A Zhi

Cover Source | Provided by the enterprise

36Kr learned that Shenzhen Xinhui Microelectronics Co., Ltd. (hereinafter referred to as "Xinhui Aerospace"), a developer and manufacturer of aerospace electric servo systems, announced the completion of a Pre-A round of financing worth tens of millions of yuan. The investment institutions in this round are Xiaomiao Langcheng and Tongchuang Weiye. The funds raised will be used to increase R & D investment, expand the personnel, and strengthen the construction of infrastructure such as laboratories. Renchen Capital served as the exclusive financial advisor for this round.

Xinhui Aerospace was established in 2014 and focuses on the R & D, production, sales, and services of electric servo systems in the aerospace field. Zeng Maiping, the founder and CEO, graduated from the School of Mathematics and Statistics of Wuhan University. He is a leading talent among innovative small and medium - sized enterprises in Shenzhen. He once served as the project designer of the electric servo system for major - model launch vehicles and has more than 10 years of experience in developing aerospace electronic products. The core technical members of the team all have 15 to 30 years of experience in the R & D and manufacturing of software and hardware for core systems in aviation, aerospace, and the military industry.

Zeng Maiping revealed that Xinhui Aerospace has signed contracts with multiple aerospace projects and has become one of the core suppliers of electric servo systems. Xinhui Aerospace is also the only private enterprise in China so far that has designed high - power electric servo controllers and has them verified by launch vehicle flights.

Xinhui Aerospace Electric Servo System

Independently developed aerospace electric servo system has successfully accompanied rocket launches more than ten times

The servo system is the core executive mechanism for rocket flight control. By controlling the pitch, yaw, and roll attitudes of the rocket, it ensures that the rocket flies stably along the predetermined orbit and is regarded as the "steering wheel" of the rocket.

From the 1960s to the present, the development of China's aerospace servo system has mainly gone through three stages: Initially, China broke through the Western technological blockade and began to apply hydraulic servo to intercontinental missiles and launch vehicles. The hydraulic servo system has served the most launch vehicle models. In the early 21st century, China began to try to use electromechanical servo systems in solid rockets, with high - performance permanent - magnet synchronous motors as the core, eliminating hydraulic pipelines, simplifying the structure, and improving the response speed. After more than a decade of development, at present, the electromechanical servo system can meet the needs of launch vehicles at various power levels. The latest generation, represented by the electro - hydrostatic servo system used in the Long March 8 rocket, integrates the advantages of the previous two generations and is still in the small - scale experimental stage.

Zeng Maiping introduced that the electric servo system independently developed by Xinhui Aerospace belongs to the category of electromechanical servo systems and is a rocket servo system solution that can balance cost - effectiveness and stability. Compared with the traditional hydraulic servo system, the electric servo system solves the problems of high - power boosting, high - precision closed - loop control, and liquid leakage and has the advantages of high precision, long service life, low failure rate, and simple maintenance.

In 2015, the first year of China's commercial aerospace started. The following year, with his rich experience in graphics and servo algorithms, Zeng Maiping transformed into the field of rocket electric servo system R & D. After 6 years of painstaking research and product development investment, in March 2022, the electric servo control system independently developed by Zeng Maiping and his team successfully accompanied a major national launch vehicle model into space, becoming the world's first enterprise to apply high - power electric servo control system technology to launch vehicles, two years earlier than SpaceX in the United States.

The latest data shows that the launch vehicles equipped with Xinhui Aerospace's self - developed electric servo system have been successfully launched more than ten times. The customers include national - level teams and leading commercial rocket companies.

After multiple rounds of technological iterations, currently, Xinhui Aerospace's electric servo system can achieve a torque accuracy of FS0.05%, a position accuracy of FS0.05%, and a 100% startup success rate. It can provide customers with customized development and adjustment services for products with a power of 100W - 50KW, a carrier frequency of 2KHz - 30KHz, and a voltage of 28V - 600V. Its electric servo system supports communication interfaces such as TSN, Powerlink, 1553B, CANFD, RS422, 485, and CAN. Based on self - developed algorithms, it can achieve high - speed and high - precision control of two or four servo motors, which can meet the application needs of multiple fields such as aerospace, aviation, and the military industry.

Lightweight and modularization are the directions for Xinhui Aerospace to iterate on the existing electric servo system, and the team has been conducting relevant R & D several years ago. Zeng Maiping believes that once lightweight and modularization are achieved in the future, mature products can be quickly used for mass production on new - model rockets, which will greatly improve the R & D and production speed of the entire rocket and significantly reduce R & D costs.

Xinhui Aerospace Production Line

In 2024, the order amount exceeded ten million, and the factory's annual production capacity is expected to increase by 5 times

Aerospace is the main area where Xinhui Aerospace has focused its efforts in the past 5 years. The company's order amount exceeded ten million in 2024, and it will see a full - scale explosion of orders in 2025.

To cope with the rapidly growing orders and improve the mass - production capacity, Xinhui Aerospace opened a new production base last year. In addition to R & D and manufacturing of electric servo systems, Xinhui Aerospace is also developing supporting automated measurement and control equipment. According to Zeng Maiping's estimate, after the production factory officially starts operation in June, the number of electric servo systems delivered by Xinhui Aerospace will increase from the original 100 units to about 600 units, which can significantly improve the delivery capacity and shorten the delivery cycle.

Aviation and the military industry are the reserve markets with great growth potential for Xinhui Aerospace in the next 5 to 10 years. The electric servo system in its aerospace sector is also being applied to the aviation and military industries. On this basis, Xinhui Aerospace has also derived and launched oil pump electronic control systems, brake control systems, etc. The team introduced that currently, Xinhui Aerospace has obtained relevant military industry qualifications, and key projects in the aviation field are also accelerating.

When talking about the market size of the electric servo track, Zeng Maiping conservatively estimated that after 5 years of development, there will be a market space of about 20 billion yuan. Xinhui Aerospace entered the market 9 years ago and has completed the entire process of design, testing, application implementation, mass - production manufacturing, and terminal product verification. The reliability of its products has been verified by the market. "This track cannot be solved by simply throwing money at it. We have spent enough time in it to complete the entire process and established sufficient trust with our customers. This is one of our advantages and the moat of the enterprise." Zeng Maiping added.

Since officially starting production and manufacturing in 2022, Xinhui Aerospace has successively undertaken and delivered orders from leading units and enterprises in various fields such as aerospace, aviation, and the military industry. Currently, Xinhui Aerospace plans to launch a second - round financing, continue to increase R & D investment, and start to accelerate market expansion.

Views of the investors:

Yu Jiawei, a partner of Xiaomiao Langcheng, said: The prospects for commercial aerospace are broad. Launch vehicles are the support for aerospace transportation capacity. The electrification transformation trend of their servo control systems is clear, and it is also an important part of the power system of new - type launch vehicles, which can effectively achieve precise control of rocket power and efficiently complete transportation tasks. Xinhui Aerospace has been deeply involved in the aerospace electric servo system segment for many years, formed a complete solution for the differentiated needs of launch vehicle customers, and is highly recognized by leading customers. Its products have also been installed in important rocket models in China. Since this year, Xinhui Aerospace has made significant progress in various aspects such as orders, production capacity, and team capabilities. Electric servo is a platform - type technology. In the future, Xinhui Aerospace's products will continue to iterate and expand to other fields such as aviation and the military industry. We are optimistic that Xinhui Aerospace will grow into the leading enterprise in the domestic special servo system field in the future.

Shu Qing, a partner of Tongchuang Weiye, said: Xinhui Aerospace started to enter the commercial aerospace field in 2016. After 6 years of painstaking research and multiple tests, its electric servo control system successfully accompanied a major national launch vehicle model into space in 2022, becoming a leading private enterprise in China that has designed high - power electric servo controllers and successfully launched them into orbit. Its scarcity is self - evident. If such achievements reflect Xinhui Aerospace's ability to go from 0 to 1, then the fact that the production capacity can be increased by 5 times after the new base is put into operation this year reflects the team's ability to efficiently and smoothly achieve mass production from 1 to 10 in a short period of time, which is sufficient to support Xinhui Aerospace to continue to move towards a larger and broader commercial aerospace reserve market. I believe that under the leadership of General Manager Zeng, Xinhui Aerospace will continue to supplement the team, strengthen its internal strength, expand externally, and build a more powerful moat with the help of capital. It will achieve a leap from 10 to 100 in the near future. We look forward to Xinhui Aerospace reaching new heights!