# Shanhai Xingyao

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanhai-xingyao

- Industry: Aerospace
- Headquarters: Chengdu, China
- Latest round: Seed (May 12, 2026)
- Investors on record: 1

## About

Based in Chengdu, China and founded in 2025, UltraSPACE (ChengDu) Technology Co., Ltd., trading as Shanhai Xingyao, is a manufacturer of ultra-low orbit satellite propulsion systems. The company's Chairman and Chief Scientist, Cai Dongsheng, is an alumnus of UESTC and current Associate Professor at Chengdu University of Technology. In May 2026, Shanhai Xingyao raised a Seed funding from Chengdu Science and Technology Venture Capital Group.

Its technological breakthroughs have filled a gap in Chengdu's core propulsion systems for ultra-low Earth orbit satellites. The company's independently developed air-breathing spiral wave plasma engine (ABHP) is a dedicated electric propulsion system for ultra-low Earth orbit that has successfully achieved prototype ignition verification under ultra-low Earth orbit simulation conditions.

The company generates revenue by doing R&D, and providing ultra-low orbit satellite propulsion systems and other related services.

The Seed funding round raised in May 2026 will be used to provide financial support for the company's subsequent technology research and development, prototype iteration and engineering verification, and accelerate the transition of the ultra-low orbit dedicated electric propulsion system from the laboratory to engineering applications.

## Funding rounds

- Seed, May 12, 2026 — Chengdu Science and Technology Venture Capital Group

## Investors

- Chengdu Science and Technology Venture Capital Group (https://capitalatlas.ai/funds/chengdu-science-and-technology-venture-capital-group) — Seed