BIBO Automotive Electronics Co Ltd, a national high-tech enterprise located in Chongchuan district, Nantong, Jiangsu province, announced the completion of its Series A+ funding round, raising over 200 million yuan ($27.87 million).

The funds raised will be utilized to expand the mass delivery of their full-stack electronic control motion products. BIBO plans to focus on the research and production of intelligent suspension and steering products and work on integrating cross-domain fusion chassis and developing unified control technology.

BIBO not only garnered recognition from top-notch financial institutions but also received support from well-known strategic investors in the industry and publicly traded companies within the supply chain during the funding round.

With this collective support, BIBO has pledged to persist in the independent research and development of intelligent chassis products, deepen collaborations with clients and suppliers, and help define the next generation of intelligent chassis technology. Its goal is to establish an innovative automotive industry ecosystem geared towards future intelligent mobility.

BIBO is a global leader in intelligent chassis solutions, with major research and development centers in Shanghai and Beijing, along with a production base in Nantong. The company has been recognized as a national high-tech enterprise and a specialized and new small and medium-sized enterprise in Shanghai.

In 2023, BIBO's Nantong manufacturing center launched production, with an annual production capacity of 2 million sets of full-stack intelligent braking products.

BIBO Automotive Electronics Co Ltd. [Photo/WeChat account: chongchuanonline]