Bibost completes a new round of financing of 200 million yuan

Bibost announced the completion of its A+ round of financing, led by Huaying Capital and Ceyuan Capital, followed by Sequoia China and others, with a financing amount of over 200 million yuan. This round of funds will be used to expand the delivery of wire-controlled brake products and develop intelligent suspension and steering products. Bibost is a leading global supplier of intelligent chassis solutions, with two major R&D centers in Shanghai Hongqiao and Beijing Fengtai and a production base in Nantong, Jiangsu, providing intelligent braking, steering, suspension controllers and other products. In 2023, the Nantong Manufacturing Center will be fully put into production, with an annual production capacity of 2 million sets of full-stack intelligent braking products.