Chassis supplier Global Technology raises $90.2M Series C extension
What's the deal? Global Technology, a Chinese drive-by-wire chassis supplier, has raised more than US$82.5M (≈$90.2 million) in a Series C extension round, lifting its total Series C funding past US$151.3M. Investors include Zhonghuijin, Jinhua Venture Capital, Kaiyuan Sichuang, Dongzheng Capital, Guofeng Investment, and Lloyd.
What does it do? Founded in 2016, the company develops intelligent chassis brake-by-wire technology and makes core components in-house, including hydraulic control units and electronic control units. Its EPB, ABS, ESC, and GIBC (Onebox) products ship in volume to carmakers such as Chery, GeelyDealroom has a profile for this one. Try Dealroom →, and Seres.
Where the money goes: Funds will support production expansion, product iteration, and overseas growth. The company plans to bring a fourth GIBC line online by mid-2027, with annual capacity of 1.2 million units.
Why now? Global Technology says monthly GIBC orders top 30,000 units and its order book exceeds US$275M. The company has already launched a Series D round.
What's the endgame? Beyond current products, it is developing electro-mechanical braking (EMB) and chassis domain controllers. EMB has cleared multiple rounds of winter and summer vehicle calibration, with 18 customer projects in progress.
What could go wrong? The disclosed orders and customer figures come from the company itself. The real test is converting those orders into steady deliveries and moving EMB from validation to mass production — where profitability remains unproven.
The signal: The raise lands as brake-by-wire suppliers race for production contracts amid rising EHB adoption in passenger cars. Rivals such as BethelDealroom has a profile for this one. Try Dealroom → are advancing EMB production, making execution — not funding — the decisive factor.
Read more: itjuzi.com
Image credit: Generated with Gemini
