The Nio and Xiaomi-backed EV charging platform has added another tranche to its series E round, bringing it to $608m.
Newlink, the China-based electric vehicle (EV) charging services provider, has secured an additional $308m in series E funding to bring the round’s total to $608m, according to DealStreetAsia.
Private equity investor China Merchants Capital led the latest tranche, which also attracted investment bank China International Capital Corporation’s private equity subsidiary CICC Capital.
The extension follows a $100m tranche in February 2021 backed by Nio Capital, the investment firm sponsored by electric carmaker Nio. That transaction was led by financial…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
