Heart Capital Congratulates MinoSpace and LandSpace on Making the "2022 China Commercial Aerospace Top 30" List | Heart News

On December 29, the "2022 China Commercial Aerospace Top 30" list, jointly curated by 36Kr, Cyzone, and EO Company with Future Aerospace, was officially released. Two of Heart Capital's portfolio companies, Micro-Nano Satellite and LandSpace, made the list.

Future Aerospace is China's first commercial aerospace industry service platform, committed to advancing the sector over the long term. For this selection, Future Aerospace partnered with multiple venture media outlets to conduct a comprehensive assessment of companies across technical strength, commercial monetization capability, innovation, capital market recognition, growth potential, competitiveness, operational excellence, and other dimensions.

On December 30, Cyzone, a media service platform focused on China's innovation economy, also released its "2022 Cyzone 100 Future Unicorns" list, with Micro-Nano Satellite appearing once again.

This marks the second year of the "Cyzone 100" awards, upgraded from the 2021 edition to the "Cyzone 100 Future Unicorns" format. The selection focuses on identifying potential unicorns that could reach unicorn status within three to five years, employing a professional lens to uncover the new generation of commercial power represented by these emerging companies and to reveal the driving forces behind the continuous incubation, cultivation, and rapid growth of unicorns and potential unicorns in China.

Yan Han, founding partner of Heart Capital, invested in Micro-Nano Satellite, a leading domestic satellite R&D and manufacturer, in 2021 — his second bet on the commercial aerospace sector. As early as 2020, the investment team he led had begun exploring the market potential of space, backing LandSpace, a leading domestic launch vehicle R&D and manufacturing operator.

Founded in 2017, Micro-Nano Satellite specializes in satellite manufacturing, offering satellite constellation systems, whole-satellite R&D and production, and in-orbit delivery services. The company develops proprietary satellite platforms and core components, possesses whole-satellite design and integration testing capabilities, has experience developing electronic communications and optical payload systems, and maintains the ability to lead, coordinate, and oversee comprehensive projects. Over its five years of operation, the company has launched 16 satellites in total, with mature and reliable satellite platforms of various scales and strong in-orbit performance. Recently, the eighth satellite manufactured by Micro-Nano Satellite this year has departed for the Jiuquan Satellite Launch Center, awaiting its scheduled launch.

Founded in 2015, LandSpace is a leading launch vehicle R&D and manufacturing operator in China. Guided by national strategy and market demand, the company is dedicated to developing a series of medium-to-large launch vehicles using liquid oxygen and methane as propellants, providing cost-effective, highly reliable launch services to the global market. LandSpace adheres to a product design and R&D philosophy of high integration and intelligence, builds its own production facilities, and leverages outstanding innovation capabilities and a specialized technical team to address product design, manufacturing, testing, and delivery — constructing a comprehensive technology hub in the commercial aerospace sector. LandSpace is a national high-tech enterprise and a member of the International Astronautical Federation (IAF).

In a recent article titled "Put Some People Into the Metaverse, Send Others to the Skies", Dark Currents Waves, the in-depth insights media brand under 36Kr, explored the possibilities of the commercial aerospace sector. State-owned enterprises have focused primarily on large satellites and major space engineering projects over the past 60-plus years. Constrained by the high volume of mission-specific tasks and the low batch numbers of satellites, they have mainly operated in a customized development model with limited experience in mass production. Yan Han, founding partner of Heart Capital, was quoted in the article: "Today, the aerospace industry is gradually moving toward market-oriented operations, giving numerous startups the opportunity to participate in different segments of the value chain. The competition for low and medium Earth orbit space and spectrum resources, in particular, will determine who can seize the initiative to secure more orbital resources. Whether from a cost or efficiency perspective, commercialization is the only viable path."

Looking outward is one meaning of investing for humanity; another is the inward exploration. The Heart Capital team champions the value of "people" and "heart," looking forward to accompanying outstanding Chinese technology companies to the world stage with genuine dedication.

Heart Capital was founded in 2022 by Yan Han, formerly a founding partner at Lightspeed, as a China-based venture capital fund focused on early-stage technology and digitalization.

The Heart Capital team consists primarily of founding partners, the CFO, and core investors from Lightspeed, alongside seasoned industry investors from Cainiao and Baidu. The team's past investments include Series A rounds in Full Truck Alliance (NYSE: YMM), Xpeng Motors (NYSE: XPEV, HK: 09868), as well as FinVolution (NYSE: FINV), 06810.HK, RoboSense, World Logistics, LandSpace, Lanhu, Micro-Nano Satellite, Starfield, and others.

Rooted in China with a global outlook, Heart Capital is dedicated to finding world leaders that will disrupt the future. Heart Capital advocates for the value of "people" and "heart," and looks forward to accompanying more young Chinese entrepreneurs onto the world stage.