Commercial space company ZeroG Lab completes financing of tens of millions yuan

ZeroG Lab, a commercial aerospace company has completed a new round of financing of tens of millions of yuan, led by an industrial fund affiliated to SFund.
Several investors, including the old shareholder Huaxun China participated in this round. Zero2IPO Capital acted as the exclusive financial advisor, and the funding will be used for satellite product research and development, satellite data

ZeroG Lab, a commercial aerospace company has completed a new round of financing of tens of millions of yuan, led by an industrial fund affiliated to SFund.

Several investors, including the old shareholder Huaxun China participated in this round. Zero2IPO Capital acted as the exclusive financial advisor, and the funding will be used for satellite product research and development, satellite data services, and marketing.

ZeroG Lab is a core supplier of China’s commercial aerospace micro-nano satellite system and a remote sensing data application service provider. Established in October 2016, it is headquartered in Yizhuang, Beijing and has a branch office in Shenzhen. The company’s technical team comes from various research institutes in various aerospace systems.

The main business of ZeroG Lab includes the development and production of Cubestar’s component parts, satellite solution consulting, satellite launch coordination services, etc. It is a commercial aerospace company that has already achieved localization of satellites and has multiple on-orbit delivery experiences. Among them, the research and development, production and data business of core group components are the main revenue sources.

Regarding future plans, ZeroG Lab will continue to build commercial aerospace ecological links with a wider range of partners. Zhang Bei, CEO of ZeroG Lab, said: “I hope we will take it to a new level on the basis of 2019, continue to expand in the implementation of remote sensing services, satellite R&D, production and sales, and space rights services. “

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/commercial-space-company-zerog-lab-completes-financing-of-tens-of-millions-yuan/.

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