China's Nio Capital closes Fund II on $400m
Nio Capital, a China-based investment firm established by the founder of domestic electric vehicle (EV) manufacturer Nio, has raised USD 400m for its second US-dollar denominated fund.
The announcement comes within days of Rockets Capital, a China GP founded with the support of senior management at rival EV maker Xpeng, reaching a first close of USD 200m on its debut fund. LPs in Nio...
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