BEIJING -- Chinese rocket startup Jiangsu Deep Blue Aerospace Technology has raised about 200 million yuan ($31 million) from Zhencheng Capital, DT Capital Partners and other investors in a Series A funding round.
In October, DBA successfully launched a rocket to a height of about 100 meters and landed it vertically. According to company founder Huo Liang, the fresh funding will be used to develop its Shenlan Nebula I liquid-fuel rocket, improve recovery and reuse technology, and hire talent.
