Fund Raising17

GM confirms $300 million investment in Chinese self-driving unicorn Momenta
Momenta was founded in 2016 and received a $46 million investment led by NIO Capital in 2017. ...
NIO Capital invests in AR company Nreal
NIO Capital managing partner Zhu Yan said he is bullish on the application of AR/VR glasses in automotive scenarios, especially the new possibilities of combini ...
NIO-backed self-driving chip maker Black Sesame closes new funding led by Xiaomi-backed fund
Black Sesame said the two funding rounds amounted to hundreds of millions of dollars, giving it a valuation of nearly $2 billion. ...
EV battery maker Farasis Energy plans to raise up to $800 million for new project
The lithium battery project is located in Wuhu City, Anhui Province, and will achieve an annual production capacity of 12 GWh of power batteries when it reaches ...
GM reportedly leads investment in Chinese self-driving unicorn Momenta with $400 million
In 2017, Momenta received a Series B investment of $46 million led by NIO Capital, the venture capital arm of NIO. ...
Leap Motor secures about $1.55 billion credit line from Chinese bank
Leap Motor's overall sales target for 2025 is 800,000 units, the company said previously. ...
Self-driving startup DeepRoute.ai closes $300 million in new funding led by Alibaba
DeepRoute.ai said it closed a $300 million Series B funding round led by Alibaba, making it the first such company in China that the e-commerce giant has invest ...
Geely's ride-hailing arm Cao Cao Mobility raises $590 million in latest funding round
This is the first local equity financing in China's ride-hailing industry in 2021, and is an ice-breaker after the crackdown on Didi Chuxing. ...
NIO-backed smart parking service provider gets investment from Xiaomi
Alpark was founded in 2015 and closed a hundreds-of-millions-of-RMB Series B round of funding led by NIO Capital, NIO's venture capital arm, in 2018. ...
NIO-backed LiDAR maker Innovusion secures new funding to accelerate delivery for ET7
The capital will be used primarily to support the mass production and delivery of LiDARs for the NIO ET7, as well as Innovusion's innovation programs. ...
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