Bibost completes RMB 200 million Series A financing

BIBO (Shanghai) Automotive Electronics Co., Ltd. announced the completion of its Series A financing, led by Weilai Capital and Dongfang Jiafu, followed by Hexing Auto and Yida Capital, with a total investment of RMB 200 million. This round of financing will be used for the implementation of BIBC products and the development of new products. BIBO is a global intelligent chassis solution provider with independent research and development and innovation capabilities, mainly engaged in a full range of intelligent chassis parts products. At present, the company has obtained nearly 20 vehicle model project points, and its products cover domestic and foreign markets.