BiBoST Completes Over 1 Billion Yuan Series B Financing

Over 1 Billion Yuan Series B Financing Secured as Intelligent Chassis Sector Attracts Capital Again

36Kr has exclusively learned that intelligent chassis company BiBoST recently completed its B+ round of financing, led by the Zhejiang Province New Energy Vehicle Industry Fund, with co-investments from Shunchuang Industrial Investment, Hangzhou Capital Direct Investment Fund, and others. This B+ round raised over 700 million yuan, and combined with the earlier B round, the total Series B financing has exceeded 1 billion yuan. The proceeds will be used for scaling existing products and developing cutting-edge technologies.

Against the backdrop of accelerating smart vehicle adoption, chassis intelligence is emerging as a critical battleground following intelligent cockpits and autonomous driving. BiBoST's completion of this major financing round signals strong capital market confidence in the domestic substitution prospects of the intelligent chassis sector.

Full Product Matrix Coverage with Three Core Products in Mass Delivery

Founded in 2021, BiBoST has built a product matrix covering the full spectrum of intelligent chassis domains — braking, suspension, steering, and domain controllers — in just four years. Founder and President Liu Xiaohui told 36Kr that the company's current mass-delivered products primarily include three categories:

• ESC (Electronic Stability Control) systems
• One-Box integrated brake-by-wire systems
• Intelligent suspension air supply systems

In terms of team building, BiBoST continues to attract top industry talent. Its shareholders include not only EV maker NIO but also leading chassis supply chain companies such as Henglong and Baolong. In 2025, Wu Ziping and Yu Wei, both former senior executives at chassis giant ZF, joined as Senior Vice Presidents, further strengthening the company's technological depth and industrialization capabilities in the chassis domain.

Revenue Doubles as BiBoST Breaks into Joint Venture Brand Supply Chains

Liu Xiaohui revealed that the company's revenue doubled in 2025, with its customer base now spanning Geely, GAC, Volkswagen Anhui, FAW-Volkswagen, SAIC Volkswagen, BYD, Chery, Dongfeng, Dongfeng Nissan, BAIC, Changan, SAIC-GM-Wuling, and multiple overseas clients.

Notably, in 2026, BiBoST successfully entered the joint venture brand supply system, officially becoming a Volkswagen Group supplier, with related products expected to enter mass production in Q4 2026. This breakthrough signifies that BiBoST's product quality and technical capabilities have earned recognition from a top-tier international automaker — a milestone achievement for domestic intelligent chassis suppliers.

Forward-Looking EMB Development to Capture Next-Generation Brake-by-Wire Market

With the support of this new financing round, BiBoST will continue to increase R&D investment in cutting-edge technologies such as EMB (Electro-Mechanical Braking). EMB is regarded as the ultimate brake-by-wire solution, capable of completely eliminating hydraulic systems to achieve faster response times and more precise braking control. It represents a key evolutionary direction for chassis technology in the era of autonomous driving.

Industry Outlook

The intelligent chassis market has long been dominated by international Tier 1 giants such as Bosch, Continental, and ZF. As China's new energy vehicle industry rapidly develops, automakers increasingly demand supply chain autonomy and controllability. Domestic intelligent chassis companies represented by BiBoST are entering a golden window of opportunity. The over 1 billion yuan Series B financing, doubled revenue growth, and the Volkswagen supply chain breakthrough all indicate that this four-year-old company is accelerating into the fast lane of development.