NIO Capital

NIO Capital is an independent, marketized investment fund founded in 2016, positioned between corporate venture capital and pure financial institutions . It has raised five funds over seven years—three USD and two RMB vehicles—with total assets under management reaching 15 billion yuan as of early 2024, when it closed its second RMB fund at over 3 billion yuan . The fund focuses on new energy vehicle industrial ecology, energy technology and transition, and advanced technology manufacturing .

Its investment approach centers on using industrial expertise to improve financial returns rather than serving strategic supply-chain objectives for NIO the car company . Early bets within two years of founding included CATL, Ronbay Technology, Momenta, and Pony.ai . The fund also maintains a founder community called "牛总会" (Niu Zong Hui) spanning more than 80 portfolio companies, which it uses for technology trend judgment and to help portfolio companies secure customers and scale production .