Deep Blue Aerospace secures strategic funding, landmark VTVL rocket test soon
Top Stories Tamfitronics The Nebula-M1 test article during its VTVL test flight above Tongchuan, Shaanxi Province, on May 6, 2022. Credit: Deep Blue AerospaceHELSINKI Chinese commercial rocket firm Deep Blue Aerospace announced new funding Tuesday, with a 100-kilometer-level launch and landing test scheduled for later this month.Deep Blue Aerospace announced the successful completion of its B3 strategic financing round Aug. 13 without disclosing the amount of funds raised. It follows a number of funding rounds secured this year by the company.The new round was led by Zhengyue Investment, a strategic investment firm focused on high-growth sectors, and Zhenghe Yunfan Fund, a private equity fund particularly active in industries such as defense technology and advanced manufacturing.Both funds are examples of how private equity and venture capital in China are increasingly aligned with national...
