Penghu Wuyu has successfully concluded its A-round financing, securing a substantial sum of nearly 100 million yuan. This funding round was co-led by Wuxi Liangxi Science and Innovation Industry Fund and Wuxi Liangxi Aerospace Venture Capital Fund. With the proceeds, Penghu Wuyu aims to strategically position itself as a global leader in satellite IoT operations and solutions, while also advancing the development of its 5G IoT NTN satellite IoT system. Founded in 2021, Penghu Wuyu specializes in non-terrestrial network communication technology, offering integrated space-ground networks and comprehensive solutions. Its cost-effective satellite IoT solutions have already been deployed in 15 overseas countries, bolstering prominent enterprises across various industries. Moreover, Penghu Wuyu has achieved mass production of two terminal products and plans to further invest in R&D to enhance user experiences and drive the advancement of space-ground integration and industry application terminals.