LEEKR Technology bags over 1 billion yuan in Series C financing

Beijing (Gasgoo)- On June 19, Chinese intelligent chassis system solution provider LEEKR Technology announced the successful completion of its Series C financing round, raising over 1 billion yuan.

Photo credit: LEEKR Technology

This round of financing was jointly led by Hangzhou Fuchunwan New City Development Fund, Saize Capital, Hefei Construction Investment Holding, Hefei Baohe Linghang Fund, Baohe Sci-Tech Innovation Fund, Sealand Innovation, Chery Holding’s Ruicheng Fund, Huaying Venture Capital, SRIC, and Shengrui Duxing.

LEEKR Technology focuses on the core areas of new energy vehicles and autonomous driving. Leveraging its comprehensive chassis-by-wire platform development capabilities and application implementation, the company uses advanced brake-by-wire technology as its entry point. LEEKR Technology is the first in China to achieve large-scale production of the integrated intelligent brake system IHB-LK® (One-Box) and the fully decoupled hydraulic brake system DHB-LK® (Two-Box).

The funds raised in this round will be used to expand LEEKR Technology’s production capacity, ensuring the large-scale delivery of the company’s chassis-by-wire products to several leading automaker clients. Additionally, the company aims to continue enhancing supply chain efficiency and accelerating its global market expansion.

Previously, on April 6, 2023, LEEKR Technology announced the completion of its Series B equity financing, which raised for the company 400 million yuan.