“Zhongke Xiguang Aerospace” completed a round of financing of nearly 100 million yuan

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Author: Yang Ziyan Editor: Zhang Lin

36 Krypton learned that Xi’an Zhongke Xiguang Aerospace Technology Co., Ltd. (hereinafter referred to as “Zhongke Xiguang Aerospace”) recently announced the completion of a round A financing of nearly 100 million yuan. The leading investor of this round of financing is Xi’an High-tech Industry Venture Capital Co., Ltd., Chengdu Science and Technology Innovation Investment Group Co., Ltd., Xi’an Caijin Technology Innovation Angel Fund, Hainan Xuanyou Private Equity Fund Management Cooperative Enterprise and other well-known domestic institutions and private equity institutions with industrial background. Qin Jing, general manager of Zhongke Xiguang Aerospace, said that this round of financing will be used for product research and development, production line planning and other directions.

Founded in January 2021, Zhongke Xiguang Aerospace is the first commercial aerospace company in China to independently develop a hyperspectral remote sensing satellite constellation. Based on the advantages of domestic top-notch satellite payload technology, Zhongke Xiguang Aerospace focuses on constellation operation, satellite development, payload customization and data application development. The main product is hyperspectral remote sensing satellite constellation system, which can provide overall satellite design, development, and testing , on-orbit transportation management and data application and other one-stop full-service services.

Since its establishment, Zhongke Xiguang Aerospace has developed rapidly. It became the first invested company of Shaanxi Kechuang Aerospace Seed Investment Fund in the year of its establishment. The effectiveness and accuracy of market docking. According to public reports, the hyperspectral satellite “Xiamen Science and Technology No. 1” XIGUANG-003, which was customized by Xiguang Aerospace for Xiamen city application services, was successfully launched on January 9, 2023, as the first independently developed by Xiguang Aerospace Hyperspectral remote sensing satellite, which has laid a solid foundation for the future construction of the Zhongke Xiguang hyperspectral remote sensing constellation.

With the rapid development of the commercial aerospace industry, the number of commercial satellites, especially remote sensing satellites, is increasing, and has shown huge commercial value. Relevant data show that in 2021, the world will launch a total of 191 remote sensing satellites, of which my country will launch 61 remote sensing satellites, ranking second in the world. The number of commercial remote sensing satellites in my country is increasing year by year. In 2021, the number will reach 94, and from January to June 2022, the number will reach 126. At the same time, the frequency of launching commercial remote sensing satellites is also accelerating.

Among remote sensing satellites, hyperspectral satellites have also been developed and valued in recent years due to their unique technical advantages. Hyperspectral satellites not only have a higher technical threshold, but also have broad and special application value. Based on the background of its research institute, Zhongke Xiguang Aerospace has many years of technical accumulation and experience in the research and development of hyperspectral satellite payloads, platform applications, and data mining.

Hyperspectral satellite remote sensing data has the characteristics of “map-spectrum integration”. Spectral feature analysis can be used to study ground objects, finely classify and identify ground objects, and can survey more deep information, such as subsurface structures, rock formations, etc. Can better serve the ecological governance. For example, when monitoring the marine environment, images taken by ordinary high-resolution satellites can only present intuitive basic information, while hyperspectral satellites can further reflect the situation of seabed structures, green algae, and fluorescence.

Zhongke Xiguang Aerospace has independently developed and designed hyperspectral satellites, and will provide a full set of services such as data applications to form an operating system for the entire industry chain. Thanks to the technical accumulation of the research institute, Xiguang Aerospace has the ability to independently develop satellites and supporting data platforms. At the same time, Xiguang Aerospace plans to collect more comprehensive data and develop it through constellation networking to deeply tap the value of data . Due to the relatively high threshold for satellite research and development and data applications, the strategy of Zhongke Xiguang Aerospace’s entire industrial chain layout will achieve better operational results and better serve customers.

In terms of products, XIGUANG-003, a hyperspectral satellite “Xiamen Science and Technology No. 1” customized for Xiamen city application services by Xiguang Aerospace, was successfully launched. The satellite has fast maneuvering, high-speed data transmission capabilities and multiple modes such as video and staring, and is equipped with two payloads, a hyperspectral camera and a panchromatic camera. The entire star and load of “Xiamen Science and Technology One” are customized, and will be specially tested and analyzed for marine data according to the needs of the Xiamen Municipal Government.

There are many technical difficulties in the research and development of hyperspectral satellites, such as payload coating and quality control of the whole star, which will affect its final performance. It is understood that Xiguang Aerospace has optimized technology at multiple levels. The third-generation satellite XIGUANG-003 weighs only 50Kg and has achieved many of the highest domestic indicators of hyperspectral satellites of this magnitude. In the future, Xiguang will further realize the ” The optimization and upgrading of satellite-borne integration technology has compressed the entire satellite to less than 30kg, reaching a leading level in the industry.

The current service mode of Zhongke Xiguang Aerospace is mainly to provide customers with analysis reports: monitor with satellites within the corresponding period, conduct in-depth analysis of the collected data information, and provide customers with conclusive reports or processing suggestions to facilitate customer decision-making needs . In addition, certain platform services and data services will be delivered to different customer groups.

In terms of personnel, all members of the Zhongke Xiguang Aerospace Team have years of experience in satellite research and development. The Zhongke Xiguang Space Program has launched several hyperspectral satellites, high-resolution satellites and dual carbon monitoring satellites in recent years, and formed a network, aiming at all-round data collection and analysis for key, hot cities and surrounding areas. The government provides support services.

From the perspective of the global hyperspectral satellite market, my country’s remote sensing satellite industry is still in a period of rapid growth driven by government orders, and there is still a lot of room for growth in the commercialization of remote sensing. Qin Jing said: “With the gradual development of technical capabilities, hyperspectral satellites can meet or even generate more application scenarios. After long-term accumulation, they will definitely be recognized by the market in the future.”

With the successful launch of the first hyperspectral remote sensing satellite “Xiamen Science and Technology One”, Zhongke Xiguang Aerospace is now being closely watched by investors. Qin Jing said that in the future, the company will continue to deepen the technical research in the field of hyperspectral satellites, accelerate the grand layout of hyperspectral remote sensing constellations, and strive to become the leader in my country’s commercial aerospace field. At the same time, the company will also connect with the capital market as soon as possible, and use the brand and strength of the capital market to provide assistance for the development of my country’s commercial aerospace industry.

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