SHANGHAI :
Beijing Commsat Starts Work on New Plant to Build 100 Satellites per Year
Dou Shicong
DATE:  Sep 01 2020
/ SOURCE:  Yicai
Beijing Commsat Starts Work on New Plant to Build 100 Satellites per Year Beijing Commsat Starts Work on New Plant to Build 100 Satellites per Year

(Yicai Global) Sept. 1 -- Chinese commercial satellite startup Beijing Commsat Technology Development broke ground on a new factory today able to build 100 satellites in the 100-kilogram class per year after its completion in early 2021, The Paper reported.

Formed in 2015, Commsat has already sent eight of its self-developed orbiters into space. The satellites can be used to enhance mobile communication capabilities in airborne, space and maritime applications.

The company has meanwhile started a B+ round of funding as the new factory in East China’s Hebei province has started construction, said co-founder Peng Yuanyuan. The company has already secured a total of CNY500 million (USD73 million) in six previous funding rounds, she added.

Editor: Ben Armour

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Keywords:   Beijing Commsat,Satellites