Yushi Space completes 200 million yuan Pre-A+ round of financing.

Recently, Beijing Yushi Space Aerospace Technology Co., Ltd. completed a 200 million yuan Pre-A+ round of financing, led by Gaoling Venture Capital and Xingxiang Capital. Xinwei Venture Capital and Minghui Zhiyuan also participated in the round, with existing shareholders Qiancheng Capital, Tuofeng Capital, Zhisheng Ruiying and many other institutions oversubscribing. The funds will mainly be used for rocket final assembly testing, chopstick recycling technology verification, rocket production capacity construction, and team building, to provide support for the first flight and subsequent large-scale operation of the AS-1 rocket.