Round Type
Venture
ShanghaiManufacturingAutomotiveElectronicsElectric VehicleBatteryDescription
NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the premium smart electric vehicle market, today announced that it has entered into a share subscription agreement with CYVN Holdings L.L.C., an investment vehicle majority owned by the Abu Dhabi Government strategically focused on advanced and smart mobility (the “Investor” or “CYVN Holdings”), pursuant to which the Investor will invest an aggregate of US$738.5 million in cash to subscribe 84,695,543 newly issued Class A ordinary shares of the Company at a per share purchase price of US$8.72, being the volume weighted average price of Class A ordinary shares (as adjusted for the American depository share-to-Class A ordinary share ratio) on the New York Stock Exchange over the seven consecutive trading days immediately preceding June 19, 2023 (the “Investment Transaction”).
Quick answer
NIO raised an undisclosed amount in a funding round, dated June 20, 2023. NIO is based in Shanghai, Shanghai, China.
- How much did NIO raise?
- NIO raised an undisclosed amount in a funding round on June 20, 2023.
- 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.
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.
- An alert the day NIO raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NIO, from your own LinkedIn network
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Fundz sees it the moment NIO raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
NIO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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