Bibost (Shanghai) Automotive Electronics Co., Ltd. Completes RMB 200 million Series A Financing

Bibost (Shanghai) officially announced the completion of its Series A financing, led by Weilai Capital and Dongfang Jiafu, followed by Hexing Automobile and Yida Capital, with a total financing amount of 200 million yuan. This round of financing is also the second time that Bibost has received heavy investment from first-tier funds after the Pre-A and additional rounds of financing of over 100 million yuan in August 2022. The funds raised by Bibost in this round will be mainly used for the implementation of BIBC (One-Box Integrated Wire Control Brake System) products and R&D investment in new products such as BEMB (Electromechanical Braking System), BEPS (Electric Redundant Steering System), and BCDU (Chassis Domain Controller).