# SHGS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shgs

- Industry: Aerospace
- Headquarters: Shanghai, China
- Total disclosed funding: $84M
- Latest round: Series A (Dec 31, 2024)
- Investors on record: 9

## About

Founded in 2022 and based in Shanghai, China, SHGS is an aerospace technology company that focuses on the research and development and design of civil and commercial satellites. The company is the satellite manufacturer for the Qianfan Constellation Project. In November 2023, the firm raised approximately CNY 600 million. In December 2024, SHGS raised over CNY 1 billion in series A+ funding.

The company's main business is the design and development of satellites and satellite core components. SHGS has capabilities such as satellite assembly, satellite integration, and satellite testing. The company also provides overall solutions for satellite intelligent manufacturing.

SHGS generates revenue by developing and providing civilian and commercial batch satellites.

## Funding rounds

- Series A, Dec 31, 2024 — China Development Bank Capital, SIMIC Capital, Shanghai Guosheng Capital Management
- Series A, Nov 30, 2023, $84M — Xin Ding Capital, Huge Capital, CAS Capital, Songjiang SDIC, Zhongke Chenxin
- Angel, Jun 27, 2023 — Volcanics Venture

## Investors

- Volcanics Venture (https://capitalatlas.ai/funds/volcanics-venture) — Angel
- Xin Ding Capital (https://capitalatlas.ai/funds/xin-ding-capital) — Series A
- Huge Capital (https://capitalatlas.ai/funds/huge-capital) — Series A
- CAS Capital — Series A
- Songjiang SDIC — Series A
- Zhongke Chenxin — Series A
- China Development Bank Capital — Series A
- SIMIC Capital (https://capitalatlas.ai/funds/simic-capital) — Series A
- Shanghai Guosheng Capital Management (https://capitalatlas.ai/funds/shanghai-guosheng-capital-management) — Series A