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Longxing Avionics has recently closed a substantial A++ funding round in the multi-millions, spearheaded by Hangzhou Low-Altitude Industry Development Co., Ltd., a subsidiary of the Hangzhou Industrial Investment Group. Other notable investors in this round include the Disruptive Technology Transformation Fund, a direct investment vehicle of the Hangzhou Science and Technology Innovation Group, Hangzhou Talent Group Co., Ltd., a subsidiary of Hangzhou Capital, and existing shareholder Huayu Venture Capital. Since its inception in 2020, Longxing Avionics has been at the forefront of research, development, and manufacturing of domestic avionics equipment. This latest funding injection will propel the company's efforts to expedite the R&D of its core avionics products, augment its team of top-tier professionals, and fortify its market expansion strategies.
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