# Deep Blue Aerospace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deep-blue-aerospace

- Industry: Aerospace
- Headquarters: Wuxi, China
- Website: www.dbaspace.com
- Total disclosed funding: $468M
- Latest round: Series B (Sep 24, 2026)
- Investors on record: 25

## About

Founded in 2016 and based in Wuxi, China, Jiangsu Shenlan Aerospace Co., Ltd., trading as Deep Blue Aerospace, is a commercial aerospace manufacturing company that focuses on the research and development of liquid recoverable launch vehicles and related launch services. The company has rocket general and liquid engine R&D centers in Beijing, with a rocket power system test base in Jinan. In 2022, Deep Blue Aerospace completed all low-altitude engineering tests for vertical recovery and reuse of liquid oxygen and kerosene rockets. Its core team mainly comes from aerospace enterprises such as China Aerospace Science and Technology Corporation, China Aerospace Science and Industry Corporation, and Aviation Industry Corporation of China. In September 2026, it raised nearly CNY 2 billion in Series B6 and Series B7 funding rounds.

Deep Blue Aerospace develops reusable liquid-fueled launch vehicles and liquid rocket engines for satellite deployment and space transportation applications. Its core product portfolio includes the Nebula series launch vehicles and the Thunder-RS rocket engine family. The Thunder-RS engine serves as the primary propulsion system for the reusable Nebula-2 rocket and utilizes a gas-generator cycle design, achieving a tested thrust of approximately 1,297.5 kN.

The company generates revenue through the development and commercialization of launch vehicle technologies, rocket propulsion systems, aerospace engineering services, and future launch services.

The company will use the Series B6 and Series B7 fundings to accelerate the development and commercialization of Deep Blue Aerospace’s reusable Nebula-1 and Nebula-2 launch vehicle programs, advance key reusable rocket technologies, expand launch capabilities, and build heavy-lift transportation solutions for large-scale satellite constellation deployment.

## Funding rounds

- Series B, Sep 24, 2026, $298M — Addor Capital, Jinkong Qiyuan Capital, Oceanpine Capital, FTZ Fund, Wuxi Boton Technology, Urocia Precision Information Engineering Co., Ltd., Z&Y Capital, HongRun, Wuxi High-tech Zone Investment Holdings Group, Suzhou Shibilao Precision Fasteners Co., Ltd., Zhengyue Investment, Wanshi (Fuzhou) Private Fund Management Co., Ltd.
- Series B, Aug 13, 2024 — Xiamen Zhenghe Yunfan Investment Management
- Series B, Jul 31, 2024, $138M — New Investment Group
- Series B, May 28, 2024 — Founder H Fund, Shandong Dongtai Huide Investment
- Series A, Apr 19, 2022 — Zhencheng Capital, CMBC International
- Series A, Jan 18, 2022, $31M — Detong Capital, Zhencheng Capital, Galaxy Ventures, Ourui Hongrun Venture Capital, Z&Y Capital
- Seed, Dec 31, 2018 — Shunwei Capital, K2VC, Z Venture Group, Beijing Yanqing United Media Management Consulting Center

## Investors

- Shunwei Capital (https://capitalatlas.ai/funds/shunwei-capital) — Seed
- K2VC (https://capitalatlas.ai/funds/k2vc) — Seed
- Z Venture Group (https://capitalatlas.ai/funds/z-venture-group) — Seed
- Beijing Yanqing United Media Management Consulting Center — Seed
- Detong Capital (https://capitalatlas.ai/funds/detong-capital) — Series A
- Zhencheng Capital (https://capitalatlas.ai/funds/zhencheng-capital) — Series A
- Galaxy Ventures — Series A
- Ourui Hongrun Venture Capital (https://capitalatlas.ai/funds/ourui-hongrun-venture-capital) — Series A
- Z&Y Capital (https://capitalatlas.ai/funds/z-y-capital) — Series A, Series B
- CMBC International — Series A
- Founder H Fund (https://capitalatlas.ai/funds/founder-h-fund) — Series B
- Shandong Dongtai Huide Investment (https://capitalatlas.ai/funds/shandong-dongtai-huide-investment) — Series B
- New Investment Group (https://capitalatlas.ai/funds/new-investment-group) — Series B
- Xiamen Zhenghe Yunfan Investment Management (https://capitalatlas.ai/funds/xiamen-zhenghe-yunfan-investment-management) — Series B
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series B
- Jinkong Qiyuan Capital (https://capitalatlas.ai/funds/jinkong-qiyuan-capital) — Series B
- Oceanpine Capital (https://capitalatlas.ai/funds/oceanpine-capital) — Series B
- FTZ Fund (https://capitalatlas.ai/funds/ftz-fund) — Series B
- Wuxi Boton Technology — Series B
- Urocia Precision Information Engineering Co., Ltd. — Series B
- HongRun — Series B
- Wuxi High-tech Zone Investment Holdings Group — Series B
- Suzhou Shibilao Precision Fasteners Co., Ltd. — Series B
- Zhengyue Investment — Series B
- Wanshi (Fuzhou) Private Fund Management Co., Ltd. — Series B