About NIO Capital
NIO Capital is a venture capital firm founded in 2016. It is primarily based out of Shanghai, China. As of Aug 2026, NIO Capital is an active investor, having invested in 54 companies, with 9 new investments in the last 12 months. It primarily invests in Series A round in China based startups. Its investments are spread across a wide range of sectors from High Tech to Auto Tech and Transportation and Logistics Tech. Most recently it participated in the $***** Angel round of Acorn Robot Overall, NIO Capital portfolio has seen 1 unicorn, 6 IPOs and 1 acquisition including key companies like XREAL, Momenta and Lotus Cars. A lot of funds co-invest with NIO Capital, with names like Joy Capital sharing a substantial percentage of its portfolio. NIO Capital has team of 23 people including 10 partners.Key Metrics
Portfolio Locations
Rounds of Entry
Series A, Series B & 7 more
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
NIO Capital's List of Top Investments
NIO Capital has a portfolio of 54 companies, one of which is a Unicorn. Their most notable investments are in Linkhou Robot and Ruitaiwei Electronic Technology.Their portfolio spans across China, United States, Italy and 2 more locations. They have invested in High Tech, Auto Tech, Transportation and Logistics Tech and 19 other sectors, across stages such as Series A, Series B and 7 more. Here is the list of top investments by NIO Capital:
1. XREAL
Provider of augmented reality smart glasses and immersive display technology. It develops AR glasses and companion systems that enable users to view, interact with, and transform 2D digital content into 3D and spatial environments. It includes AR eyewear, connectivity hubs, and supporting software that allow seamless integration with apps, media, and gaming platforms. These solutions are designed for entertainment, productivity, and extended reality use cases, enabling portable, high-quality immersive viewing experiences across multiple devices and environments.
Key facts about XREAL
2. Momenta
Developer of autonomous driving solutions for enhanced safety and urban mobility. The company focuses on assisted driving features and robotaxi services. These solutions aim to navigate complex environments, prioritizing safety, convenience, and efficiency. The company combines a data-driven approach with iterating algorithms.
Key facts about Momenta
- Founded Year: 2016
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $1.42B
- Employee Count: 613 as on Jun 30, 2026
- Investors: Nexus Venture Partners, La Maison Partners and 32 Others
- Latest Funding Round: Series C, Nov 04, 2021, $*****
- Highlight: Public
3. Lotus Cars
Key facts about Lotus Cars
- Founded Year: 1948
- Location: Norwich (United Kingdom)
- Annual Revenue: $500M - $1B as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $134M
- Employee Count: 1,670 as on Mar 31, 2026
- Investors: Toyota, NIO Capital and 3 Others
- Latest Funding Round: Unattributed, Apr 09, 2024, $*****
- Highlight: Acquired
Developer of AI-based chips for machine vision tasks. It provides users with company that develops artificial intelligence-based visual perception technology and application, focusing on embedded images and computer vision. Its product portfolio includes light control/ISP image processing, ADAS/autonomous driving perception, face recognition, and AI chips.
Key facts about Black Sesame Technologies
- Founded Year: 2016
- Location: Pudong (China)
- Stage: Public
- Total Funding till date: $500M
- Employee Count: 178 as on Jun 30, 2026
- Investors: SK, Rencent Capital and 32 Others
- Latest Funding Round: Series C, Aug 08, 2022, $*****
- Highlight: Public
5. Uxin
Online B2C used car auction platform. Buyers can explore the cars, view their specifications, select a car & place a bid via the platform.
Key facts about Uxin
- Founded Year: 2011
- Location: Shenzhen (China)
- Stage: Public
- Total Funding till date: $500M
- Employee Count: 848 as on Jun 30, 2026
- Investors: GIC, Tiger Global Management and 20 Others
- Latest Funding Round: Post IPO, Apr 11, 2025, $*****
- Highlight: Public
NIO Capital's Year-on-Year Investment Trends
NIO Capital has invested in 54 companies over the last 9 years, with an average of 6 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of Aug 2026, it has made 9 investments in this year. Its most recent first time investment was in Acorn Robot and most recent follow-on round was in Limx Dynamics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 8 | 1 | 9 |
2025 | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 9 | 4 | 13 |
2022 | 8 | 1 | 9 |
2021 | 8 | 8 | 16 |
2020 | 7 | 2 | 9 |
2019 | 3 | 0 | 3 |
2018 | 5 | 1 | 6 |
2017 | 3 | 0 | 3 |
NIO Capital's Investments by Stage
NIO Capital has made 22 investments in Series A stage with an average round size of $41.5M, 13 investments in Series B stage with an average round size of $98.7M and 7 investments in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 22 |
Series B | 13 |
Seed | 7 |
Series C | 5 |
Series D | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
NIO Capital's Investments by Sector
NIO Capital has a diverse portfolio, with companies operating in the High Tech, Auto Tech, Transportation and Logistics Tech, Enterprise Applications and Auto. Notably, it has invested in 36 Tech companies, 30 Enterprise (B2B) companies, 24 Tech hardware companies and at least 22 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 25 |
Auto Tech | 22 |
Transportation and Logistics Tech | 11 |
Enterprise Applications | 10 |
Auto | 9 |
Others | 74 |
Note: We have considered here, only first round of investments
NIO Capital's Investments by Geography
NIO Capital has made most investments in China (45), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
China | 45 |
United States | 3 |
Italy | 1 |
Singapore | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
NIO Capital's recent investments
NIO Capital has made 9 investments in 2026 so far. Acorn Robot and Xynova are the latest among them.Here are the most recent investments by NIO Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 11, 2026 | - | Angel | 7852 | ||
Jul 17, 2026 | China | Series A | 5748 | [+2] | |
Jun 16, 2026 | Singapore | Series B | 1229 | [+12] | |
May 27, 2026 | China | Series C | 1386 | ||
Mar 12, 2026 | China | Series B | 2688 | [+1] |
Unicorns in NIO Capital's Portfolio
NIO Capital has 1 unicorn in its portfolio - XREAL. The most recent unicorn in their portfolio is XREAL which became a unicorn in 2024.Here is a list of unicorns in NIO Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | Provider of augmented reality smart glasses and immersive display technology | 2017 | Haidian | Series D | jhepfss |
IPOs and Publicly Listed companies in NIO Capital's Portfolio
6 of NIO Capital's portfolio companies have become public. Momenta got listed on the Hong Kong Exchanges (HKG), in Jul 2026 at marketcap of $8.88B and Seyond got listed on the Hong Kong Exchanges (HKG) at marketcap of $1.67B.Here are NIO Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 08, 2026 | May 15, 2017 | Series B | 8758 | |
Dec 10, 2025 | Oct 15, 2018 | Series A | 7399 | |
Dec 27, 2024 | Jun 06, 2022 | Series D | 4457 | |
Aug 08, 2024 | Jan 2018 | Series A | 5123 | |
Jun 28, 2024 | Mar 2017 | Series D | 3674 |
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Acquired companies in NIO Capital's Portfolio
1 company from NIO Capital's portfolio has been acquired. The most recent acquisition was Lotus Cars in Jun 2017 by Geely for $*****.Here are NIO Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2017 | Aug 31, 2021 | Unattributed | 2821 |
Team profile of NIO Capital
NIO Capital has a team of 23 members including 10 Partners and 3 Principals located in China. NIO Capital's team does not sit on the board of any company as of now.Here is a list of top team members in NIO Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Beijing | - | - | |
Partner | China | - | - | |
Partner | - | - | - | |
Partner | Chaoyang | - | ||
Partner | Chaoyang | - | - | |
Partner | Shanghai | - | - | |
Partner | Minhang | - | - | |
Partner | Jing'an | - | - | |
Partner | Shanghai | - | - | |
Partner | Shanghai | - | ||
Principal | Haidian | - | - |
Co-investors of NIO Capital
Over the past 9 years, 461 investors have co-invested in NIO Capital's portfolio companies. This includes funds and angels.
- Invested before NIO Capital: Sequoia Capital, Sinovation Ventures and 166 others have invested in rounds before NIO Capital. There are 3 companies where Sequoia Capital has invested before NIO Capital and 2 companies where Sinovation Ventures has invested before NIO Capital.
- Top Co-investors of NIO Capital: 113 investors entered a company along with NIO Capital. These include investors like Joy Capital (3 companies).
- Invested after NIO Capital: A total of 180 investors have invested in NIO Capital's portfolio after their investments. Top Investors include Temasek (4 companies), Xiaomi (3 companies) and Legend Capital (3 companies).
Recent News related to NIO Capital
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Xynova Secures 500 Million RMB in Series A+ Funding, Becoming a UnicornThe Paper•Jul 17, 2026•Xynova, NIO Capital, CICC, Meituan
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Compri secures €3.2M to build AI-powered procurement teamsTMTpost•Jun 16, 2026•SiliconFlow, Walden International, Kingdee, Guotai Junan Innovation Investment and 6 others
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SiliconFlow closes over 2 billion yuan funding round, NIO Capital participatesGasgoo.com•Jun 16, 2026•Nvidia, NIO Capital, Giant Network Group, Kingdee and 2 others
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Flying-Car Startup Volant Raises $147 Million Ahead of Potential IPOCaixin Global•May 28, 2026•NIO Capital, Cornerstone
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Zeron Raises 1.2b Yuan as Investors Back Intelligent Heavy-Duty TrucksChina Daily•Mar 12, 2026•NIO Capital, FG Venture, , and 3 others
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Linghou Robotics Raises Over USD 13.8M in Pre-B Round Led by NIO CapitalPandaily•Feb 03, 2026•Linkhou Robot, NIO Capital
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LimX Dynamics Raises $200M in Series B as Middle Eastern Capital Backs Embodied Intelligence PushPandaily•Feb 02, 2026•Limx Dynamics, Stone Venture, Oriental Fortune Capital, JD.com and 4 others
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Uxin Announces Share Subscription Agreements with NIO Capital, Prestige ShinePR Newswire•Dec 26, 2025•Uxin, NIO, NIO Capital
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Dexmal Secures $140M in Two Rounds Led by Alibaba and NIO CapitalPandaily•Nov 14, 2025•NIO Capital, Alibaba, Dexmal, Source Code Capital
