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NIO Capital Closes Second Flagship Fund at Around $400 Million

Shanghai – March 25, 2022 – Cooley advised NIO Capital, a leading Chinese investment firm focusing on decarbonization and digitalization, on the approximately $400 million closing of its flagship fund, Eve ONE Fund II. Lawyers Pang Lee, Jingyi Xu, Joyce Wang and Sheryl Dai led the Cooley team advising NIO Capital.

NIO Capital’s new fund received strong support from a diversified group of existing and new institutional investors, and nearly doubled the capital commitments of its predecessor fund, Eve ONE, which held its final closing in 2019.

"Over the past five years, NIO Capital has become an institutionalized investment firm with the ability to integrate industry resources with financial goals. We see exciting opportunities at the crossover of auto, technology and energy sectors, and will continue to focus our investments on decarbonization and digitalization," Ian Zhu, Managing Partner of NIO Capital, said in a press release.

Established in 2016, NIO Capital focuses on investments in the energy, automotive and deep technology sectors. Insisting on environmental, social and governance sustainable investments, NIO Capital’s portfolio includes an intelligent systems developer, an autonomous-driving technology firm and a digital energy infrastructure provider, among other pioneering companies.

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Related Contacts
Pang Lee  Partner Hong Kong, San Francisco, Shanghai
Jingyi Xu  Partner Beijing
Joyce Wang  Associate Shanghai
Sheryl Dai  Associate Shanghai
Yitong Pan  Paralegal Beijing
Paul Roberts  Partner San Francisco