Hangxing Transmission raised funds again, focusing on reusable rockets and low-altitude economy tracks

Beijing Hangxing Transmission Technology Co., Ltd. (hereinafter referred to as Hangxing Transmission) recently completed the A+ round of financing exclusively invested by Bocom Capital. The company was founded in 2011. Its main products include core subsystems of recyclable rockets and low-altitude economic equipment. It has reached cooperation with many industry leaders such as Aerospace Science and Technology, Aerospace Science and Industry, Aviation Industry, China Shipbuilding, and commercial aerospace startups such as Interstellar Glory, Galaxy Power, and Jianyuan Technology. This financing was only two months after the last A round of financing. The funds will continue to be used to introduce high-end R&D talents, enhance technical R&D capabilities, and expand domestic and foreign markets.