How much did NIO raise?

NIO raised $64 Million in a Series B round on May 11, 2021.

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.

Nio'S Lidar Supplier Innovusion Bags Usd64 Million In Series B Round, Joined By Temasek

PUBLIC · NIOMay 11, 2021

Amount Raised

$64 Million

Round Type

Series B

ShanghaiManufacturingAutomotiveElectronicsElectric VehicleBattery

Description

Innovusion, a Chinese light detection and ranging system supplier that counts Nio as one of its clients and investors, has raised USD64 million in its Series B round of financing, resulting in a total of more than USD100 million.

Quick answer

NIO raised $64 Million in a Series B round, dated May 11, 2021. NIO is based in Shanghai, Shanghai, China.

How much did NIO raise?: NIO raised $64 Million in a Series B round on May 11, 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.

Garrett Motion Inc. raised $179M on May 3, 2021.
Polestar raised an undisclosed amount (Funding Round) on April 15, 2021.
Arris Composites, Inc. raised $71M on June 17, 2021.
Toyota Motor Corporation raised $200M (Funding Round) on June 4, 2021.
MacroFab raised $15M on May 28, 2021.
VerdeGo Aero raised $350K (Seed) on May 6, 2021.

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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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2 contacts

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

Growth expectations

Series B companies are expected to scale rapidly and expand market reach

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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