Stellar Power has recently declared the successful closure of its Pre-A round financing, with CDB Capital, an equity investment arm of the China Development Bank, taking the helm as the sole lead investor. This investment round also saw participation from several other institutions, notably Shanghai Future Industry Fund and Xinding Capital, who joined as followers. Meanwhile, existing stakeholders, including Cathay Capital and Houxue Capital, further demonstrated their confidence by increasing their investments. The capital raised in this round is earmarked for bolstering the aerospace engineering team, driving forward technological breakthroughs in space photovoltaics, and strategically positioning (Note: Here, 'layout' is interpreted as 'strategically positioning' to better capture the essence of strategic planning and development within the space power sector; for a more direct translation, 'layout' can be retained) within the upstream and downstream sectors of the space power industry.
