Guoyao Tech, a Guangzhou-based startup, has recently revealed a roadmap for the 10-kg satellite prototype launch by 2022. In addition, the company has announced the launch of the short-range tonnage by using electromagnetic power by 2023. It has been developing an innovative system based on this technology to launch humans and satellites into space.
Founded in 2017, Guoyao became widely known following the acquisition of seed funding in 2018, after which it completed an electromagnetic launcher prototype and secured funding worth $1.5 million in a Series A funding round in 2019.
As per the statement made by the spokesperson and CTO of Guoyao, Dr. Yadong Zhang, the electromagnetic launching tech has great potential in the aerospace industry. In addition, the technology can be adopted in myriad civil rescue or field exploration procedures. Dr. Zhang further added that the team at Guoyao, who are experts in electromagnetic technology and can rapidly commence the technology validation phase, has unveiled the 1st electromagnetic thrower for commercial use in the beginning of 2020. In China, the rescue equipment has gained 20 innovation patents.
The startup is attempting to reduce the cost of the manned, LEO (low Earth orbit) satellite per launch to $2.6 million by 2025. This will be the only system based on the electromagnetic force with the potential to launch humans into orbit, in place of the traditional chemical rockets. A few advantages of substituting chemical rocket with electromagnetic power for launching satellite include:
Source credit:
Despite having completed her Post Graduate degree in Digital Marketing, Shreshtha always nurtured an innate passion for writing. Currently, she works as a content writer for checkingforupdate.com and similar other portals, where she pens down news articles spanning th...
© 2024 checkingforupdate.com. All Rights Reserved.