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The Venture Codex

NIO Capital

Unit 2411, 24F HKRI Taikoo Hui Center I, 288 Shimen Yi Road, Shanghai, Jing'an District, 200050, China

Overview

NIO Capital is a fund manager investing in themes reshaping the automotive, new energy and technology sectors. Established in 2016 and sponsored by NIO, NIO Capital leverages its unique access to global & Chinese innovation, comprehensive market understanding and flourishing ecosystem to create category-leading companies in fields such as electric vehicles, autonomous driving, shared mobility, new energy network, new materials and more.

Total investments
21
Lead investments
7
Investments · 12mo
10
Active investors
7

Sector focus

  • Autonomous Vehicles
  • Electric Vehicle
  • Energy
  • Mobile
  • Transportation
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Investment portfolio

  • Zhuji Dynamics

    Participated · Equity · Jul 2026

    LimX Dynamics develops an integrated embodied AI stack and general-purpose humanoid robots, organizing its architecture into System 0 (whole-body motion control), System 1 (Vision-Language-Action and Whole-Body Action Model training infrastructure, including the FluxVLA Engine) and System 2 (the COSA embodied agentic operating system). The company introduced the full-size interactive humanoid LimX Luna in May 2026 and began customer deliveries in China and international markets within weeks of launch, and also offers TRON 2, a modular robotic platform launched in late 2025. LimX reports thousands of customer orders across its product lines since beginning commercial sales, with more than half of those orders from international markets. Target applications include research, education, commercial services, industrial operations, inspection and construction. Financially, LimX has raised roughly $400 million over the past six months, including the nearly $200 million pre-IPO round, and plans to use proceeds to scale manufacturing, expand delivery capacity and accelerate international commercialization.

  • Xynova

    Participated · Series A · Jul 2026

    Founded less than two years ago, Xynova develops full-stack dexterous hands combining hardware, materials, motion control and manipulation algorithms. Its product line includes Flex 1 — a tendon-driven hand launched in August 2025 with a 380 g palm and payload capacity exceeding 30 kg — and Flex 2, introduced in May 2026 as the industry’s first hybrid tendon-driven plus direct-drive bionic hand with 23 degrees of freedom and a palm weight under 400 g. The company reports industrial-grade durability (tendon lifespan over 1.5 million cycles and whole-hand lifespans exceeding 1 million opening/closing cycles) and claims its hands have passed high-low temperature, vibration and drop tests. Xynova has expanded rapidly to a team of over 300 people, including more than 150 R&D staff, and established a 5,400 sqm factory in Hangzhou with targeted annual capacity of 10,000 units by year-end. Its investor base comprises major industrial and internet strategic backers, and the company has completed consecutive financing rounds totaling about ¥1.5 billion within months, positioning it for mass-production deployment in industrial and consumer scenarios.

  • Silicon Flow

    Participated · Series B · Jun 2026

    Over the past year Silicon Mobile Technology has achieved explosive growth in the enterprise market, operating a Token-factory model to deliver efficient MaaS (model-as-a-service). The company reports daily token call volumes reaching tens of trillions and serves more than 10 million users and over 10,000 enterprise customers. Its revenue grew by more than 10x year-over-year, and its overseas business reached monthly revenues in the hundreds of thousands of U.S. dollars. The firm positions itself across the energy, chip, compute infrastructure, cloud services, large-model and scenario-application ecosystem and has attracted investment from leaders across those segments. The announcement did not disclose founding year or headquarters location.

  • Volant Aerotech

    Participated · Series C · May 2026

    Volant Aerotech is developing the VE25-100 “Tianxing,” its first compound-wing commercial passenger eVTOL designed for low-altitude commercial passenger service. The aircraft emphasizes a spacious cabin, flexible layouts, high payload capacity, and safety standards comparable to commercial airliners to enable high dispatch rates and all-weather operation. Volant estimates the VE25-100’s operating cost per seat per kilometer is roughly one-eighth to one-tenth that of similar helicopters. The VE25-100 has completed its full-scale maiden flight, a transition flight, and a first flight with passengers. The program has secured confirmed orders from China Southern General Aviation, Asia General Aviation, and ABC Financial Leasing, and has over 1,900 orders of intent totaling nearly ¥48 billion. Volant has had its Type Certificate application accepted by the East China Regional Administration of the CAAC and is moving toward manufacturing, certification flight testing, and mass-production readiness.

  • Zhongke Qingneng

    Participated · Series A · Mar 2026

    Founded in June 2022 and led by CEO Pan Weiwei, Zhongke Qingneng focuses on ultra-low-temperature technologies (below ~20K) for advanced fields such as magnetic-confinement fusion, hydrogen energy, aerospace, and quantum computing. The company has developed domestic capabilities across hardware and control software, breaking technical barriers previously dominated by foreign firms. Its proprietary helium refrigerator achieves about -269°C with 3 kW cooling capacity and is deployed at the CRAFT fusion research facility. Zhongke’s 1-ton-per-day hydrogen liquefaction unit supported Long March 8 launches and has recorded China’s longest continuous runtime, and a 5-ton-per-day unit has completed assembly and supply contracts with commercial operation targeted for September 2026. The firm intends to expand R&D and commercialize large hydrogen liquefaction plants, fusion-reactor cooling systems, and next-generation quantum low-temperature sensing platforms. The articles do not report company revenue or user metrics.

Team