Bibo (Shanghai) Automobile Electronics Co., Ltd. announced that it has received over CNY 200 million in a round of funding jointly led by new investors, Meridian Growth Fund Management Co., Ltd. and Orinno Capital on January 22, 2024. The transaction included participation from new investors, Shenzhen Fengfan Innovation Investment Management Co., Ltd., Shanghai Sci-Tech Innovation Center Capital Co Ltd, Shanghai Baolong Automotive Corporation and returning investor, HongShan.