Zhejiang Space-Time Intelligent Big Data
End-to-end commercial satellite manufacturing and application services.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | CNY20.0m | Series A | |
| Total Funding | 000k | ||
Zhejiang Space-Time Intelligent Big Data Technology Co., Ltd., also known as Geespace, is a technology innovation enterprise under Geely Technology Group, established in November 2018. The company's name was personally chosen by Geely Group's chairman, Li Shufu. Geespace's CEO, Wang Yang, previously worked for nearly a decade at the Chinese Academy of Sciences (CAS) Innovation Academy for Microsatellites, gaining extensive experience in satellite and ground system research and development.
Geespace operates across the entire commercial space industry value chain, including satellite research and development, manufacturing, and application services. The company's business model is centered on providing comprehensive aerospace information and communication infrastructure and solutions. Its primary offerings include satellite manufacturing and satellite applications, such as global medium and low-speed satellite communication services, satellite-based high-precision positioning, and satellite remote sensing AI services. The company leverages its self-developed low-orbit satellite constellation, the "Geely Future Mobility Constellation," to deliver these services. This positions Geespace as the first domestic company in China to independently build and operate a commercial satellite constellation.
A key operational advantage for Geespace is its integration of automotive manufacturing principles into satellite production. The company has established a satellite super factory in Taizhou, Zhejiang, which is the first in China to merge aerospace and automotive manufacturing capabilities. This facility operates as an intelligent AIT (Assembly, Integration, and Testing) center, employing a flexible, pulsating production line that has reportedly reduced single-satellite production costs by 45% and increased mass production speeds by 300%, with the capacity to produce up to 500 satellites annually. Geespace's business strategy involves deep collaboration with industry partners to deploy its technologies. A significant application is in the automotive sector, where it provides satellite communication for vehicles, enhancing safety and connectivity in areas without ground network coverage. The company has partnered with brands like ZEEKR and the ride-sharing platform Cao Cao Mobility to integrate its satellite communication and high-precision positioning technologies into vehicles, including Robotaxis. Beyond automotive, Geespace is expanding into sectors such as智慧 agriculture, smart ports, consumer electronics, and logistics. The company collaborates with overseas telecommunication operators in regions like Malaysia, the Middle East, and Africa to deliver its services.
Keywords: commercial aerospace, satellite manufacturing, satellite applications, low-orbit satellite constellation, high-precision positioning, satellite communication, remote sensing AI, automotive technology, intelligent manufacturing, AIT center, Geely Future Mobility Constellation, space infrastructure, satellite data services, smart mobility, IoT, autonomous driving, Robotaxi, navigation services, space technology