Spark Space completes tens of millions in angel+ funding round; "Flame No. 2" successfully completes its first-stage test fire.

According to reports, Hefei Xinghuo Space Technology Co., Ltd. (hereinafter referred to as “Xinghuo Space”) has completed tens of millions of yuan in angel Series A funding, with total financing exceeding 100 million yuan. This round of funding was led by Xingtai Capital, with Advantage Capital participating, and existing shareholder Jinsha Capital continuing to invest additional funds. The funds raised in this round will be used for the development of the company’s electric cycle rocket engines, rocket products, talent recruitment and training, as well as the construction of production testing bases, to accelerate the implementation of electric cycle liquid carrier rocket technology. It is also learned that the company’s developed “Flame-2” electric cycle rocket engine has completed its first ignition test. During the test, the engine ignited accurately according to the designed sequence, and parameters such as igniter and thrust chamber pressure and vibration remained stable and met design expectations. (Cailian Press)