Gasgoo Munich- Gasgoo learned on April 29, 2026, that BIBO Automotive Electronics Co., Ltd. today officially announced the completion of a B+ financing round exceeding 700 million yuan. This brings its total Series B funding past 1 billion yuan, providing strong capital support to the smart chassis sector.Image Source: BIBOThe round was led by the Zhejiang New Energy Vehicle Industry Fund, with co-investors including Shunchuang Industrial Investment and Hangzhou Capital Direct Investment Fund. The capital will target three key areas: accelerating the mass production and deliveries of smart chassis XYZ three-axis products; increasing investment in proprietary forward-looking technologies such as three-axis and cross-domain fusion; and fully accelerating global expansion.Investor representatives described BIBO as a benchmark enterprise among the few in China possessing both full-stack in-house R&D capabilities and large-scale mass production capacity, noting it has become a core force in the global expansion of Chinese intelligent manufacturing.Currently, the company has established a robust "market disruptor + technology leader + global leader" management triangle. Its integrated brake-by-wire system, BIBC (One-Box), has delivered over 150,000 units with an order book exceeding 1.5 million, while cumulative mileage has topped 1 billion kilometers; the electronic body stability control system, BESC, has delivered over 600,000 units. The company's total order book has surpassed 3 billion yuan, having successfully penetrated the supply chains of mainstream automakers such as Volkswagen, BYD, Geely, and GAC, and passed factory audits for multiple overseas luxury brands.Image Source: BIBOOn the technology front, the company has filed nearly 300 patent applications, with overseas patents covering over 30 countries across five continents. It has also secured ISO 26262 ASIL-D, the highest level of functional safety product certification, while its R&D process system achieved ASPICE L2 certification. Supported by a top-tier international team, the company has established operations across four continents and is steadily advancing the construction of overseas bases in Europe and South America.Founder Liu Xiaohui stated that the billion-yuan financing represents a comprehensive recognition of the company's strategy and execution. Moving forward, Bibost will deepen its focus on three-axis and cross-domain fusion, utilizing cost-effective Chinese solutions to advance rapidly toward its vision of becoming a world-class smart chassis system service provider.About Seeds Discovery:Gasgoo's "Seeds Discovery" column aims to build a service platform linking startups, industrial chain ecosystem partners, investment institutions, and local governments to deeply empower the upstream and downstream supply chain. Since its launch, the column has been dedicated to discovering standout companies, technologies, and business models that offer significant inspiration and leadership during the wave of intelligent transformation, driving the growth of industrial innovation forces. According to Gasgoo statistics, almost all startups featured in the "Seeds Discovery" column have successfully connected with resources in the industrial chain ecosystem.
