Jiuzhou Yunjian (Beijing) Space Technology Co., Ltd. (hereinafter referred to as Jiuzhou Yunjian) completed a new round of financing. This round of financing is led by Beijing Zhongguancun Development QIHANG Innovation Investment Fund (hereinafter referred to as Qihang investment), followed by Yunhe capital, Zhongguancun Development Group golden seed fund and eurui capital. Before this round of financing, Jiuzhou Yunjian has obtained investment from runzhe capital, Fengrui capital, Yuhui and Thai Industrial Development Fund and other investment institutions and industry parties.

Jiuzhou Yunjian, founded in 2017, is a national high-tech enterprise integrating liquid rocket engine design and development, assembly and testing, and supporting flight services. The company takes passion, innovation, specialty and high efficiency as its development concept, focuses on rocket power as its development strategy, takes liquid oxygen methane engine supporting rocket recycling as its core product, and derives ultra-low temperature and high pressure pump valve products and combustion device products in various fields based on low temperature liquid rocket engine technology. At present, the company has formed a strategic pattern of Beijing Technology R & D center, Anhui Bengbu liquid rocket engine manufacturing base and test base.

Jiuzhou Yunjian liquid oxygen methane engine series

In the future, Kyushu Yunjian will continue to strengthen the company's talent team construction, optimize and improve all aspects of product design, production, test and final assembly, increase investment in product research and development, strengthen technical status management and quality control, so as to provide solid and powerful guarantee for the delivery of two types of liquid rocket engine products to customers!

　Panoramic view of lox-ch4 engine hot test bench

As the leading investor in this round, China Development Qihang investment mainly focuses on high-end industries supported by Beijing, such as new generation information technology, biomedicine, aerospace technology, new energy, new materials and intelligent manufacturing. Since its establishment, it has successively invested in star companies such as yihuatong, Zhongshu Zhihui, aipark, angruiwei, Xinpai electronics, Aotian technology, gengyu muxing, etc; Qihang investment is based on Zhongguancun National Independent Innovation Demonstration Zone, relying on Zhongguancun Development Group's extensive government background and a complete ecosystem platform for innovation and entrepreneurship, providing strong support and value-added services for investment projects.

Ma Jianping, managing partner of China Development Qihang investment, said:

Aerospace Science and technology is an important part of the next generation of information technology, and it is also the infrastructure needed for the next generation of industrial upgrading. The construction of "space and sky integration" has driven the development of small satellite research, rocket launch and downstream applications. At present, the transport capacity of launch vehicle is seriously in short supply, and "the development of rocket, power first", a suitable engine product for the overall importance of the rocket is self-evident. Kyushu Yunjian is a team that can fight hard. In a short period of time, it has formed the technical advantages of deep variable thrust liquid oxygen methane engine. Combined with the development rhythm of domestic commercial aerospace market, it has chosen a pragmatic and reliable product iteration path, which can meet the market demand of overall customers. We are quite optimistic about this.

Zhang Bo, founding partner of Yunhe capital, said:

With the rapid development of Satellite Internet industry, higher requirements are put forward for rocket transport capacity. Rocket engine, the core component of rocket system, will play an important role. Kyushu Yunjian has a leading technical reserve in the field of rocket engine, and its liquid oxygen methane route is the latest trend. Its variable thrust technology can be compared with international enterprises, and has great development potential. Yunhe capital is positioned to invest in high-quality high-tech small and medium-sized enterprises in strategic emerging industries, and is committed to contributing to the progress of national science and technology. We will continue to support the development of Kyushu Yunjian.

Ge yuan, managing director of Eureka capital, said:

As a big country, China's commercial aerospace is the first industry to face the Wassenaar agreement. However, the foundation of generations' struggle has also created the field with the lowest degree of external dependence. With the rapid development of the country, the demand for launch vehicles and engines is growing rapidly. From the perspective of investors, the opportunity first comes from the release of the power within the system by private enterprises. Secondly, the market-oriented mechanism can take advantage of the manufacturing and innovation capabilities of the world's factories. In the long run, with the application of recycling technology and the sharp drop in costs, a huge potential market will be activated. Maybe we will face the fierce international competition in the future, but China's industrial base is not what it used to be. Commercial spaceflight may not only be a sunrise track, but also a technological highland for the future, and even a tool for the community of shared destiny to explore the universe. For commercial spaceflight, there are only stars and no sea in the distance.

Jiuzhou Yunjian will make a major breakthrough in 2020

Complete the R & D and production of "Lingyun" 10 ton liquid oxygen methane engine and "Longyun" 70 ton liquid oxygen methane engine.

Anhui intelligent manufacturing base and engine testing center have been completed and put into use; the self built two station 100 ton low temperature engine test bench provides a strong guarantee for the rapid iteration of engine development and product delivery.

The total amount of the whole machine order contract and intention purchase contract signed with several commercial aerospace enterprises is nearly 100 million yuan; the engine components and technical achievements transformation products have served a number of domestic universities and military research institutes.

Hot test of Jiuzhou Yunjian liquid oxygen methane engine