Nio Capital contributed to a late-stage round that hiked the new energy service provider's overall funding to approximately $466m.
China-based energy services platform developer Newlink Group has secured $100m from investors including Nio Capital, the investment firm sponsored by electric carmaker Nio, DealStreetAsia reported on Friday.
Financial services firm China Merchants Bank’s CMB International subsidiary led the round, which included venture capital firms Joy Capital and Hongtai Aplus, the latter participating through its Guodiao Hongtai Fund.
Newlink uses advanced technologies such as artificial intelligence, big data and the internet of things to provide connected energy services through products including…
