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.
About Cooley LLP
Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.
Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.
This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.