China's auto parts maker Kasco snaps $72m in a Series B round

China’s Kasco, also known as KH Automobile Technology (Zhejiang KHAT), which produces air suspension system for passenger vehicles, has notched RMB 510 million ($72.4 million) in a Series B led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital, and Shenzhen Capital Group.