"Micro-Nano Starry Sky" Raises 1 Billion RMB, Officially Joins the Ranks of Commercial Aerospace Unicorns | Xinwen NEWS --- Wait — let me check if this company has an established English name. "微纳星空" appears to be a Chinese commercial satellite company. Let me apply the proper conventions: --- **Weina Xingkong** Raises 1 Billion RMB, Officially Joins the Ranks of Commercial Aerospace Unicorns | Xinwen NEWS

Micro-nano Starry Sky (Beijing Weina Starry Sky Technology Co., Ltd.), a portfolio company of Heart Capital, recently completed its Series C1 funding round of 1 billion RMB, officially becoming a commercial aerospace unicorn. This round was led by Yuanhe Chongyuan-Wuxi Economic Development Zone Shangxian Industrial Investment Fund, with follow-on investment from Liangxi Sci-Tech Innovation Industry Fund of Funds (managed by Bohua Capital), and continued support from existing shareholder Qingdao Huizhu Anfulan. Following this round, Micro-nano Starry Sky's capabilities in satellite R&D, manufacturing, and production will see a leapfrog improvement across the board. Yan Han, Founding Partner of Heart Capital, commented: "Congratulations to Micro-nano Starry Sky on reaching this new milestone! Heart Capital is very optimistic about the rapid development of China's aerospace sector and the enormous room it leaves for outstanding private enterprises. Having become an early shareholder in both Micro-nano Starry Sky and LandSpace, we will continue to pay close attention to promising early-stage aerospace companies and increase our investment deployment." Heart Capital's team has been investing in the aerospace sector for many years, making early bets on Micro-nano Starry Sky, a leading company focused on high-end satellite R&D and manufacturing, as well as LandSpace, a developer and operator of liquid oxygen methane launch vehicles. Over the past year, both commercial aerospace companies have achieved major breakthroughs, successfully becoming standouts among China's private aerospace enterprises and even on the global stage.

As early as this January, Micro-nano Starry Sky signed a cooperation agreement with Wuxi municipal leadership, committing to invest 1 billion RMB in the Wuxi Economic Development Zone to build a commercial satellite manufacturing base — a medium-to-large satellite R&D and industrialization facility covering 50 mu (about 8.25 acres). Once operational, the project is expected to become a benchmark automated production line in China's commercial satellite sector. In the same month, Micro-nano Starry Sky launched five satellites aboard a single rocket, successfully sending them into orbit on January 23 via Zhongke Aerospace's Lijian-1 Y3 launch vehicle from the Jiuquan Satellite Launch Center. Regarding this funding round, Gao Enyu, Founder, Chairman and General Manager of Micro-nano Starry Sky, stated that the company will continue to uphold its pragmatic and enterprising culture, steadily increasing investment in core products and technologies including satellite payloads and key satellite platform components, ensuring the smooth implementation of major national and commercial missions such as satellite internet and earth observation, building out and securing its supply chain, developing efficient and practical mass satellite production lines, and steadily improving capacity and production scale. Heart Capital's team remains bullish on electrification and intelligence investment opportunities including aerospace, with the aim of doing tech investment in China with genuine conviction.

Founded in 2022, Heart Capital is an early-stage venture capital fund focused on technology and digitalization in China. The team is primarily composed of Yan Han, formerly a Founding Partner at Lightspeed China, alongside core investors, a CFO, and seasoned investors with industry backgrounds. Past investments include Series A stakes in Xpeng Motors (NYSE: XPEV, 09868.HK), Full Truck Alliance (NYSE: YMM), as well as FinVolution Group (NYSE: FINV), RoboSense (02948.HK), Baichuan, Yunmanman Cold Chain, Dedao, World Logistics, Micro-nano Starry Sky, LandSpace, Lanhu, and Starfield. Rooted in China with a global outlook, Heart Capital seeks to find genuine value in non-consensus. The firm respects the value of people and champions the potential of conviction ("heart"), looking forward to accompanying more young Chinese entrepreneurs in strengthening China and going global.