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Biboost officially announces completion of Series B+ funding, led by Zhejiang New Energy Vehicle Industry Fund
Mars Finance News reported on April 29 that Biboost (Hangzhou) Automotive Electronics Co., Ltd. officially announced the completion of its Series B+ financing. The company’s Series B+ financing totaled more than 700 million yuan, and the cumulative amount of its Series B financing has already surpassed 1 billion yuan. This round of financing was led by the Zhejiang New Energy Vehicle Industry Fund, with joint investments from Shunchuang Chuangtou (Industrial Investment and Financing) and the Hangzhou Capital Direct Investment Fund, among others. The funds raised will be precisely focused on three core areas: accelerating the scale mass production and delivery of the XYZ three-axis intelligent chassis products; increasing investment in independent R&D of core technologies such as three-axis integration and cross-domain fusion; and comprehensively speeding up global deployment and overseas business expansion. (Venture Capitalist CLUB)