Fund Raising
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.
Xiaomi-backed fund invests in EV battery maker Svolt Energy
Svolt Energy added several new shareholders on August 18, including Hubei Xiaomi Changjiang Industry Fund, backed by smartphone giant Xiaomi.
Nio Capital-backed digital energy solutions provider NewLink closes $300 million in new financing
Nio Capital, the venture capital business of Nio, first invested in NewLink in 2019 and has participated in a total of three of its financings.
Leapmotor announces closing of $690 million in new financing
Hangzhou government fund invested RMB 3 billion and other investors included CICC Capital, according to the announcement.
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.
EV battery maker Svolt closes new round of $1.59 billion financing
Chinese power battery maker Svolt Energy recently announced the completion of a Series B financing round totaling RMB 10.28 billion ($1.59 billion).
Xpeng, Nio are top NEV firms with highest number of fundings in past 10 years, report says
From 2011 to the first half of 2021, Xpeng's number of financing reached 14, ranking first in Qichacha's top 10 list of new energy vehicle financing in the last decade.
Self-driving startup CalmCar closes $150 million Series C funding round
CalmCar, a Chinese startup self-driving technology provider, announced on July 22 that it closed a Series C round of funding of approximately $150 million and plans to launch an IPO in 2022.
Leapmotor closes over $700 million Pre-IPO round of financing
Leapmotor will likely file for an IPO in the second half of this year and is expected to list on China's Nasdaq-style sci-tech innovation board, also known as the STAR market, in late 2021 or early 2022.
Xpeng gets nearly HK$2 billion additional capital through over-allotment of shares in Hong Kong
The HKEx has approved the listing of the over-allotted shares and they will be available for trading starting at 9 a.m. on July 19.