Deep Blue Aerospace said it has completed its B6 and B7 financing rounds, with the total amount approaching 2 billion yuan. According to ChainCatcher, the rounds drew investment from Wuxi High-Tech Zone Investment Holding Group, IDG Capital, Baotong Technology, and Hongrun Construction.

The company said the funds will be used to advance research, development, and commercialization of its two launch vehicle lines. It will continue work on the medium-class reusable liquid launch vehicle Nebula-1 and accelerate deep R&D on the large reusable liquid launch vehicle Nebula-2.