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Nio'S Lidar Supplier Innovusion Bags Usd64 Million In Series B Round, Joined By Temasek

May 11, 2021about 4 years ago

Amount Raised

$64 Million

Round Type

series b

China

Description

Innovusion, a Chinese light detection and ranging system supplier that counts Nio as one of its clients and investors, has raised USD64 million in its Series B round of financing, resulting in a total of more than USD100 million.

Company Information

Company

Nio

Location

China

About

Singapore's sovereign wealth fund Temasek, BAI Capital, German media giant Bertelsmann's fund BAI Capital and Beijing-based Joy Capital, joined the fundraising, the Suzhou-headquartered automotive company said in a statement on its website today. Besides China, the tech firm has a team in California, the US.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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