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 55 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 $***** Series B round of Shifang Technology Overall, NIO Capital portfolio has seen 2 unicorns, 5 IPOs and 2 acquisitions including key companies like Momenta, XREAL and Uxin. 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 24 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 55 companies, including 2 unicorns. 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. 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: 612 as on Sep 30, 2026
- Investors: La Maison Partners, Sagamore Investment Management and 33 Others
- Latest Funding Round: Series C, Nov 04, 2021, $*****
- Highlight: Public
2. 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
3. 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
4. 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: 1,673 as on Sep 30, 2026
- Investors: Toyota, Santander and 3 Others
- Latest Funding Round: Unattributed, Apr 09, 2024, $*****
- Highlight: Acquired
Developer of embodied intelligent robotics and agentic operating system. The company offers multi-modal robots, including bipedal models, and a cognitive operating system. The operating system integrates high-level cognition with full-body motion control. It facilitates coordination between cognitive functions and motor skills. The company's robots are designed for autonomous operation in diverse environments.
Key facts about Limx Dynamics
NIO Capital's Year-on-Year Investment Trends
NIO Capital has invested in 55 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 11 investments in this year. Its most recent first time investment was in Shifang Technology and most recent follow-on round was in Limx Dynamics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 2 | 11 |
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, 14 investments in Series B stage with an average round size of $92.6M and 7 investments in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 22 |
Series B | 14 |
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, Enterprise Applications, Transportation and Logistics Tech and Auto. Notably, it has invested in 37 Tech companies, 31 Enterprise (B2B) companies, 25 Tech hardware companies and at least 22 companies focusing on Software.Sector | No. of Investments |
|---|---|
High Tech | 25 |
Auto Tech | 22 |
Enterprise Applications | 11 |
Transportation and Logistics Tech | 11 |
Auto | 9 |
Others | 75 |
Note: We have considered here, only first round of investments
NIO Capital's Investments by Geography
NIO Capital has made most investments in China (46), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
China | 46 |
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 11 investments in 2026 so far. Shifang Technology and Acorn Robot 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 17, 2026 | China | Series B | 3861 | [+4] | |
Aug 11, 2026 | - | Angel | 3221 | ||
Jul 17, 2026 | China | Series A | 9872 | [+2] | |
Jul 14, 2026 | China | Series B | 4760 | [+10] | |
Jun 16, 2026 | Singapore | Series B | 3252 | [+13] |
Unicorns in NIO Capital's Portfolio
NIO Capital has 2 unicorns in its portfolio - Limx Dynamics and XREAL. The most recent unicorn in their portfolio is Limx Dynamics. It became a unicorn in 2026, 1 years after NIO Capital first invested in it.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 |
|---|---|---|---|---|---|---|---|
63 | Developer of embodied intelligent robotics and agentic operating system | 2022 | Shenzhen | Series B | ekv{bfn | ||
69 | Provider of augmented reality smart glasses and immersive display technology | 2017 | Haidian | Series D | ffxjwyl |
IPOs and Publicly Listed companies in NIO Capital's Portfolio
5 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 | 4317 | |
Dec 10, 2025 | Oct 15, 2018 | Series A | 8814 | |
Dec 27, 2024 | Jun 06, 2022 | Series D | 3983 | |
Aug 08, 2024 | Jan 2018 | Series A | 9127 | |
Jun 28, 2018 | Jun 14, 2021 | Post IPO | 3071 |
Acquired companies in NIO Capital's Portfolio
2 companies from NIO Capital's portfolio have been acquired. The most recent acquisition was Didachuxing in Aug 2026 by Tongcheng Travel 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 |
|---|---|---|---|---|
Aug 21, 2026 | Mar 2017 | Series D | 6517 | |
Jun 23, 2017 | Aug 31, 2021 | Unattributed | 5128 |
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Team profile of NIO Capital
NIO Capital has a team of 24 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, 496 investors have co-invested in NIO Capital's portfolio companies. This includes funds and angels.
- Invested before NIO Capital: Sequoia Capital, Sinovation Ventures and 170 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: 119 investors entered a company along with NIO Capital. These include investors like Joy Capital (3 companies).
- Invested after NIO Capital: A total of 205 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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China Robotics Company Dexmal in Talks to Raise Funding at $3 Billion ValuationCaproasia•Aug 22, 2026•Alibaba, NIO Capital, Dexmal, Alibaba Group
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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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Uxin Announces Closing of US$15 Million Investment from Parties Designated by NIO CapitalTMC•Jun 29, 2026•Prestige International, Uxin, NIO Capital, UXIN
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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, http://cyber-car.cn, http://ahltgroup.com 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
