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Beijing Weiguang Qihang Technology Co., Ltd. has recently successfully closed an Angel++ round of financing, with the funding amount reaching into the hundred-million-yuan tier. This financing round was spearheaded by Changfeng Capital, and saw the participation of a number of esteemed institutions, such as Feitu Venture Capital and Xinding Capital. The capital raised will be earmarked primarily for the recruitment and development of a top-tier talent team. Additionally, it will fuel the accelerated engineering advancement of the 'Weiguang No.1' all-carbon fiber rocket and the 'Huaguang No.1' full-flow liquid oxygen methane engine. Furthermore, the funds will support the production of 3.8-meter-diameter carbon fiber storage tanks and essential engine components.
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