Xinghuo Space raises tens of millions in pre-A+ financing.

On June 18, Hefei Xinghuo Space Technology Co., Ltd. announced that it has received tens of millions of yuan in Pre-A+ round investment from Kaihui Fund, and the funds raised will accelerate the development and maiden flight process of the "Evolution-1" electric circulating liquid carrier rocket. According to Xinghuo Space, the company is focusing on the three core tasks of engine reliability testing, rocket first-stage power system testing, and maiden flight rocket assembly and testing, with plans to achieve the maiden flight of the rocket in 2027.