BeBest-Shanghai bagged CNY 100 million from Series Pre-A and Plus round of financing led by Sequoia Capital China, which will be spent on product R&D, team expansion and market delivery.
BeBest-Shanghai (Chinese: 比博斯特), an intelligent chassis solution provider, announced that it has completed nearly CNY 100 million (USD 14.6 million) Pre-A and Plus round of financing, led by Sequoia Capital China and followed by Shanghai Honghui and Atomic Intelligent Transportation Industry Fund, which will be mainly used for product development, team expansion and market delivery.
It is reported that Sequoia Capital China has already led two consecutive rounds of investment within six months. Previously, BeBest was exclusively invested by Atomic Venture Capital and Atomic Intelligent Transportation Industry Fund with CNY tens of millions of CNY in angel round at the beginning of its establishment.
Founded in May 2021, BeBest is an independent innovative enterprise in the field of wire control chassis in China, with products covering wire control chassis core products such as wire control motion, wire control steering and domain controller.
The core team of BeBest comes from Tsinghua University and other well-known universities at home and abroad, as well as SAIC, BYD, Bosch and other domestic and international first-line OEMs and component factories, with an average of 10+ years of industrial experience and industry resources, and is committed to providing intelligent chassis core components, chassis domain controllers and autonomous driving technology services for the global automotive market.