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NioCorp Announces Closing of US$10 Million Funding Deal

PUBLIC · NIOFeb 19, 2021

Amount Raised

$10 Million

Round Type

Funding Round

ShanghaiManufacturingAutomotiveElectronicsElectric VehicleBattery

Description

 NioCorp Developments Ltd. ("NioCorp" or the "Company") (TSX: NB) (OTCQX: NIOBF) is pleased to announce that its previously announced funding deal for US$10 million with Lind Global Asset Management III, LLC, an investment entity managed by The Lind Partners, a New York-based institutional fund manager, has been funded and is now closed.  NioCorp has received net proceeds of US$9.65 million from the Funding.

Quick answer

NIO raised $10 Million in a Funding Round round, dated February 19, 2021. NIO is based in Shanghai, Shanghai, China.

How much did NIO raise?
NIO raised $10 Million in a Funding Round round on February 19, 2021.
What does NIO do?
NIO is a pioneer and a leading company in the premium smart electric vehicle market.
Where is NIO based and how big is it?
NIO is based in Shanghai, Shanghai, China. Fundz records about 36,000 employees.
Who are the decision-makers at NIO?
Fundz holds 2 contacts at NIO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Electronics around the same time

Companies in the same sectors as NIO that raised within 45 days of this round, from Fundz verified event records.

  • Azio AI Holdings, Inc. raised $5.8M on January 13, 2021.
  • Beta Technologies raised $470M on April 1, 2021.
  • Damon raised $30M (Funding Round) on March 10, 2021.
  • Damon raised $30M (Funding Round) on March 10, 2021.
  • Endera raised $20M on February 15, 2021.
  • BNNano, Inc. raised $55K (Pre-Seed) on April 5, 2021.

Who to call at NIO, and when

A new round usually means NIO is about to hire and buy. The teams that reach out first get the meeting.

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  • The decision-makers there, with verified emails
  • Who you already know at NIO, from your own LinkedIn network

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Company Information

Company

NIO

Location

Shanghai, Shanghai, China

About

NIO is a pioneer and a leading company in the premium smart electric vehicle market. Founded in November 2014, NIO’s mission is to shape a joyful lifestyle. NIO aims to build a community starting with smart electric vehicles to share joy and grow together with users. NIO designs, develops, jointly manufactures and sells premium smart electric vehicles, driving innovations in next-generation technologies in autonomous driving, digital technologies, electric powertrains and batteries. NIO differentiates itself through its continuous technological breakthroughs and innovations, such as its industry-leading battery swapping technologies, Battery as a Service, or BaaS, as well as its proprietary autonomous driving technologies and Autonomous Driving as a Service, or ADaaS. NIO’s product portfolio consists of the ES8, a six-seater smart electric flagship SUV, the ES7 (or the EL7), a mid-large five-seater smart electric SUV, the ES6, a five-seater all-round smart electric SUV, the EC7, a five-seater smart electric flagship coupe SUV, the EC6, a five-seater smart electric coupe SUV, the ET7, a smart electric flagship sedan, and the ET5, a mid-size smart electric sedan.

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