Xinghan Energy raises tens of millions of CNY to build low-cost space solar for satellites

What's the deal? Xinghan Energy TechnologyDealroom has a profile for this one. Try Dealroom → has raised 20,000,000 CNY (about $2.9 million) in an angel round. Juhe CapitalDealroom has a profile for this one. Try Dealroom → led the round, with Jicui Huacai participating.

What does it do? The company develops, manufactures, and delivers low-cost aerospace-grade space photovoltaic products and satellite energy systems. Its main product is a flexible crystalline-silicon solar blanket module for spacecraft.

What's the endgame? Xinghan targets commercial space applications, supplying power systems for low-Earth-orbit communications satellites and computing satellites.

The signal: Early funding for space power hardware points to growing investor interest in the supply chain behind commercial satellite constellations.

Image credit: jurvetson