Goldwind enters Landspace’s orbit in series B round

Apr 16, 2018 •

The rocket and space launch vehicle spinout from Tsinghua has raised $31.8m in a round led by turbine maker Goldwind, taking its total funding to almost $80m.

Beijing LandSpace Technology, a China-based space exploration technology developer spun out from Tsinghua University, has completed a RMB200m ($31.8m) series B round led by wind turbine manufacturer Goldwind, Kr Asia reported on Friday.

PGA Venture Partners, the venture capital fund established by private equity and asset manager Penta Global Advisors and investment management group Lun Capital, also participated in the round, as did Shiji Tianhua, Guokai Ronghua and FounDream.

Founded in 2015, Landspace is developing a liquid oxygen and methane-powered…

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