Image source: Dahang Leap Official WeChat
Writing | Taibo Network
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Recently, Dahang Leap has completed a financing of 500 million yuan!
This round of financing is led by Qianhai Fangzhou, Houji Capital, and Puhua Capital, with joint investments from Junling Capital, Haiyuan Capital, Huifengda, Junchuan Capital, Chongqing Shachuang Technology, Zhongzhong Technology, Yuanchuang Capital, Hanli Capital, Shanghai Angel Club, and industry partner Shenhou Cable. Some old shareholders continue to increase their holdings; Huaxing Capital serves as a long-term financial advisor.
The funds raised this time will mainly be used to accelerate the development and maiden flight of China's first tower recovery carrier rocket, "Jump-1," as well as the research and testing of a hundred ton liquid oxygen methane engine, which is the core product of Dahang's transition.
Dahang Leap was established in February 2024 and is a medium to large reusable carrier rocket hardcore technology company characterized by "ground capture+intelligent control". Dahang Leap has assembled a high-level research and development team led by academicians and consultants, and has completed multiple core technology breakthroughs. The company carries out business layout with "core city leadership+regional collaboration", and capacity planning relies on the front store and back factory model to efficiently coordinate product mass production and market-oriented services. The company adheres to the culture of engineers and is committed to building low-cost, highly reliable, and reusable launch vehicles, providing high-quality space transportation services, supporting national satellite networking, deep space exploration, and other space projects, and contributing to the great rejuvenation of the Chinese nation!
At present, the company's first rocket has fully entered the production and testing stage, with plans to start final assembly and testing in the second half of 2026 and complete the first flight in 2027.
Shareholder Message
Qianhai Ark: The aerospace industry is one of the greatest engineering undertakings of humanity.. In the current era of great power competition, entrepreneurs in China's aerospace industry shoulder the important mission of serving the strategy of building a strong aerospace country and filling the gaps in the aerospace industry, while also having enormous room for progress.
From the perspective of global development, examining the value chain of the aerospace industry - whether it is aerospace, aerospace computing power, communication, storage, energy - for a considerable period of time, "universal capacity" has been a definite weakness and bottleneck link.
With the advancement and convergence of multiple factors such as current policy support, technological iteration, and market demand, in today's increasingly mature industrial and talent chains, the new generation of rocket workers will inevitably achieve catch-up with lower costs and higher efficiency. Dahang Leap is an outstanding representative among this group of excellent start-up companies.
As the leading investor, this investment represents the long-term confidence of Chinese venture capital institutions in the human aerospace industry, their firm confidence in the new generation of aerospace industry professionals, and our confidence in the high certainty and profit prospects of the aerospace industry's high-quality development in the Bay Area!
He Chao, Chairman of Houji Capital, stated that commercial aerospace is a national strategic emerging industry with significant importance.. Houji Capital is highly optimistic about the development prospects of the commercial aerospace industry, continuously deepening the core links of the industry chain, increasing investment in high-quality targets, and comprehensively cultivating the commercial aerospace industry ecosystem. As one of the leading investors in this round, we highly recognize the technological layout and development potential of Dahang Leap in the commercial aerospace field. We look forward to Dahang Leap deeply cultivating reusable rocket technology, driving industrial upgrading with hardcore innovation, and continuously breaking through technological boundaries. We will provide long-term companionship and full support, explore the vast starry sky together with Dahang Leap, and help China's aerospace industry reach new heights.
Tian Jianhua, founding partner of Houji Capital, said that: Pursue dreams in space and keep walking. Congratulations to Dahang for embarking on a new journey! We firmly believe in the long-term value of commercial aerospace, and recognize the professional background, full process technical strength from scheme design to rocket launch, and rigorous and pragmatic execution ability of the core team of Dahang Leap who has been deeply involved in the field of commercial rockets for many years. May the team adhere to the original aspiration of serving the country through aerospace, bravely climb new heights, continuously overcome key core technologies, accelerate the development and experimental verification of the Transition spacecraft, and contribute to the construction of a national aerospace power with higher reliability and lower cost.
Du Yifan, Managing Director of PwC Capital, stated that PwC Capital is one of the earliest investment institutions in China to deeply cultivate the commercial aerospace industry, and has long been firmly optimistic about and continues to heavily invest.. At present, China's commercial rocket industry has entered a new stage of high-quality development, with high track certainty and broad growth space, still leaving a valuable strategic window for the new generation of innovative enterprises.
As a benchmark force among emerging rocket companies, Dahang Leap highly aligns with our core standards and expectations for top commercial aerospace companies in terms of core team, product definition, development pace, financing capabilities, and key asset layout.
Looking forward to the continued unity and perseverance of Dahang Leap Forward, with solid technological breakthroughs, reliable product delivery, and efficient organizational execution, to help accelerate the leap forward and steady development of China's commercial aerospace industry, and jointly embark on the journey to the stars and the sea!
Commercial aerospace is an important force in promoting the development of the aerospace industry and building a strong aerospace country. It is a new opportunity and challenge under the unprecedented changes in a century.
Aerospace engineering is a career that requires ten thousand people to work together, and we cannot afford to be careless or slack off at all. Therefore, we must uphold integrity.
Commercial aerospace is a highland of technological innovation and a driving force for the market-oriented construction of new space infrastructure. Therefore, we innovate.
The development of the "chopstick clip" recycling rocket and liquid oxygen methane engine by Da Hang Leap is the answer sheet for the development of new quality productivity handed over by astronauts.
Dahang Leap took the lead in developing reusable rockets for ground capture and recovery, becoming the first commercial aerospace enterprise in China and the second in the world to complete the key technology verification of the "chopstick clip" recovery rocket; Faced with challenges, Dahang Leap Forward is united and enterprising, continuously deepening strategic cooperation in the fields of technology and capital markets. Technological development is the golden waterway for enterprises to sail far, and the capital market injects vitality and momentum into the continuous progress of enterprises. We firmly believe that shareholders are not only our capital backing, but also the think tank of our corporate strategy, the liaison of market development, the supervisor of rules and regulations, and the confirmation letter of firm confidence. We will respond to the trust and support of shareholders with reliable products, strong technology, market development, and company standards. We also invite investors to join us in creating a brilliant future for commercial aerospace.
