Galactic Energy (Beijing) Space Technology Co., Ltd. announced that it has raised 1,270 million in a round of funding co-led by Shanghai Huaqiang Equity Investment Management Co., Ltd new investors Shenzhen Oriental Fortune Capital Co., Ltd., Zhejiang Dahua Technology Co., Ltd on January 24, 2022. The transaction included participation from Zhongtian Fortune Fund Management Co., Ltd., returning investor Beijing Dongfang Yunding Investment Management Co., Ltd., Suzhou Industrial Park Zhidao Investment Management Co., Ltd, returning investor New Potential Energy Fund, returning investor Beijing Essential Investment & Management Co., Ltd., AVIC Industry-Finance Holdings Co., Ltd., China Veterans Investment, Anhui Jiangnan Industrial Concentration Zone Construction Investment Development (Group) Co.,Ltd, Chengdu New Economy Fund, Tianhong Asset Management Co., Ltd., Chengdu Maiqiu Venture Capital Partnership Enterprise (L.P.), a fund managed by Chengdu Maiqiu Venture Capital Partnership Enterprise (L.P.), Qingdao Tianqiong Xuanji Equity Investment Partnership Enterprise (L.P.), fund managed by Xi'an Leirong Private Equity Fund Management Co., Ltd., Taicang Hongli Investment Management Center (L.P.), a fund managed by Suzhou Yanying Investment Management Co., Ltd, Jiusong Heze, Looking Up at the Starry Sky, Bright Starry Sky, and China Military Financial Investment.