On February 4, 2026, Zhejiang HIKRAFT Automotive Technology Co., Ltd. made a public announcement stating that it had successfully wrapped up a Series C funding round, amassing RMB 700 million. This round of financing saw the collective investment of nine institutions, with Blue Lake Capital being one of the prominent contributors. The newly acquired funds are earmarked for advancing the innovation of core technologies within brake-by-wire systems, facilitating large-scale product manufacturing, and bolstering production capabilities.
