# Chongqing Zongshen Aero Engine Manufacturing Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chongqing-zongshen-aero-engine-manufacturing-co

- Industry: Aerospace
- Headquarters: Chongqing, China
- Website: http://www.zsaeroengine.com
- Total disclosed funding: $34M
- Latest round: Series C (May 26, 2023)
- Investors on record: 6

## About

Based in Chongqing, China and established in 2014, Chongqing Zongshen Aero Engine Manufacturing Co., Ltd operates as an aerospace company which focuses on the design, research, development, manufacturing, sales and after-salse services of aero engines. It has ore than 160 staff that 40% technicians have the Master Degree or above and 60% technicians have the Bachelor Degree. It has 48 national patents, including 3 patents for invention, 41 patents for utility models. In May 2023, Chongqing Zongshen Aero Engine Manufacturing Co., Ltd raised CNY 238 million in seres C+ funding from new investors Sino-Singapore Hefei (Chongqing) Equity Investment Fund Management, Shanxi Zhongbing Investment Fund Management, Zhongbin Huiming Investment Fund Management (Zhuhai).

It provides aero engine, propeller, and parts. The engine includes C80, C100, C115, C145, and others. Those engines can be used for light-sport aircraft, ultralight aircraft, autogyros and light helicopters. The propeller includes ZP-1870, and ZP-1780, which adopts the carbon fibre material, and the ZP-1870 is used in aviation piston engine from 115 HP to 160 HP.

As of 2022, its revenue is CNY 45.48 million, and net income is CNY 11.11 million.

## Funding rounds

- Series C, May 26, 2023, $34M — Zhongbin Huiming Investment Fund Management (Zhuhai), Shanxi Zhongbing Investment Fund Management, Sino-Singapore Hefei (Chongqing) Equity Investment Fund Management, Hongyuan Capital, Huiwei Fund, Steel Research Dahui

## Investors

- Zhongbin Huiming Investment Fund Management (Zhuhai) (https://capitalatlas.ai/funds/zhongbin-huiming-investment-fund-management-zhuhai) — Series C
- Shanxi Zhongbing Investment Fund Management (https://capitalatlas.ai/funds/shanxi-zhongbing-investment-fund-management) — Series C
- Sino-Singapore Hefei (Chongqing) Equity Investment Fund Management — Series C
- Hongyuan Capital (https://capitalatlas.ai/funds/hongyuan-capital) — Series C
- Huiwei Fund — Series C
- Steel Research Dahui — Series C