China's NIO Capital raises over $200m for debut USD fund

China's NIO Capital raises over $200m for debut USD fund

Nio Inc released the flagship smart electric SUV ES8 at Shenzhen Bay Sports Centre on December 28, 2019. Source: Visuals from the company website

NIO Capital, the investment arm of Chinese electric vehicle startup Nio Inc, has closed its debut USD-denominated fund at over $200 million to support early and middle-stage companies in the automobile, energy and logistics fields.     

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