Starfire Space completes 55 million yuan angel round financing to build the world's largest electric cycle liquid rocket

On September 16th, it was reported that Hefei Xinghuo Space Technology Co., Ltd. (hereinafter referred to as "Xinghuo Space"), a commercial aerospace enterprise, recently completed an angel round of financing with an amount of 55 million yuan. This round of financing is jointly led by Jinsha Capital and Hefei Production Investment Capital, with co investment from Hefei Production Investment Science and Technology Innovation Fund and Hefei Angel Investment Fund. Previously, Spark Space had completed a seed round financing of over 10 million yuan, and the cumulative financing amount has now reached nearly 100 million yuan. It is reported that Starfire Space was established in May 2024, focusing on the research and manufacturing of electric cycle liquid rocket engines and launch vehicles. The "Evolution One" electric cycle liquid launch vehicle, which is currently under development, has a takeoff thrust of 90 tons. It is the first domestically produced and the world's largest electric pump cycle liquid rocket, focusing on low-cost, highly reliable, and fast response small satellite launch services.