Chinese rocket firm Matrix Partners China has raised CNY600m ($90.5m) in funding this year, following a series A round led by iSpace. The start-up, which was founded in 2016, plans to use the capital to fund the research and development of launcher vehicles, liquid oxygen methane engines and construction of its assembly base, as well as expanding its team.
Chinese rocket firm iSpace has raised CNY600m ($90.5m) in funding this year, following a series A round led by Matrix Partners China. The start-up, which was founded in 2016, plans to use the capital to fund the research and development of launcher vehicles, liquid oxygen methane engines and construction of its assembly base, as well as expanding its team.