GeniTech Co. Ltd. raises $318 million in its first external funding round, valuing the company at nearly $1.4 billion. Investors include Hefei State-Owned Capital Enterprise Investment and IDG Capital.
Amount Raised
$318 Million
Round Type
Venture
ChinaManufacturingAutomotiveInvestors
Description
Nio Inc.’s chip subsidiary, GeniTech Co. Ltd., has agreed to raise more than 2.2 billion yuan ($318 million) in its first external funding round. This funding values the business at nearly 10 billion yuan. Investors include Hefei State-Owned Capital Enterprise Investment and IDG Capital
Quick answer
GeniTech Ltd raised $318 Million in a funding round, dated February 27, 2026. Investors: IDG Capital and Hefei State Owned Capital Enterprise Investment. GeniTech Ltd is based in China.
- How much did GeniTech Ltd raise?
- GeniTech Ltd raised $318 Million in a funding round on February 27, 2026.
- Who invested in GeniTech Ltd?
- IDG Capital and Hefei State Owned Capital Enterprise Investment are named as investors in this round.
- What does GeniTech Ltd do?
- Nio Inc. is an electric vehicle manufacturer known for its innovative technology and commitment to sustainable transport solutions.
- Where is GeniTech Ltd based and how big is it?
- GeniTech Ltd is based in China.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as GeniTech Ltd that raised within 45 days of this round, from Fundz verified event records.
- Beta Technologies raised $7.1M on April 2, 2026.
- Azio AI Holdings, Inc. raised $3.9M on March 6, 2026.
- LEQI raised an undisclosed amount (Series B) on March 1, 2026.
- Einride raised $113M (Post-IPO Equity) on February 28, 2026.
- L.E.S.S. SA raised $22M (Series C) on February 27, 2026.
- GeniTech raised $330M (Funding Round) on February 26, 2026.
Who to call at GeniTech Ltd, and when
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- An alert the day GeniTech Ltd raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at GeniTech Ltd, from your own LinkedIn network
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