Jet-engine parts maker Chengfeng raises $14.9M Series B
What's the deal? Wuxi Chengfeng Aviation Engineering TechnologyDealroom has a profile for this one. Try Dealroom → has raised nearly US$13.8M in a Series B round. Investors include Jinpu Power, Huishan Kechuang, Guizhou Venture Capital, Dongfang Electric Investment, and BOC Asset.
What does the company do? Chengfeng makes hot-section components for aircraft engines and gas turbines, focusing on precision machining and advanced manufacturing processes.
What's the endgame? It aims to supply hot-section parts for China's new high-performance turbofan engines and the high-bypass turbofans used on large aircraft. Its capabilities span film-hole drilling, next-generation turbine blade PtAl coatings, and extreme-environment testing.
What's the context? At roughly $14.9 million, the round lands around the middle of comparable deals — in the 52nd percentile by size.
The signal: China continues to pour capital into the domestic supply chain for jet engines, long one of the hardest technologies for its aviation sector to localise. Backing from state-linked investors such as Dongfang Electric and BOC Asset underscores the strategic weight placed on homegrown engine parts.
Read more: itjuzi.com
Image credit: scattered1
