According to Chinese media, the total amount reached 900 million yuan (over 12 billion rubles).
Representatives from Landspace stated that the funds will primarily be allocated for the development, testing, and manufacturing of reusable launch vehicles from the Zhuque family.
The advanced Zhuque-3 rocket, with a diameter of 4.5 meters and an overall length of 76.6 meters, is equipped with nine Tianque-12B engines and can deliver up to 21,000 kilograms of payload to low Earth orbit in expendable mode or up to 18,300 kilograms in a reusable configuration, where the first stage returns to the launch site for reusability.
Landspace aims to conduct the first orbital launch of Zhuque-3 in 2025.