Fundz

Geely acquires 30% stake in Nio Power

PRIVATEOct 01, 2026

Round Type

Venture

Hangzhou CityManufacturingAutomotive

Description

Geely has purchased a 30% stake in Nio Power, valuing the battery swapping business at approximately $2.4 billion. This investment highlights Geely's interest in enhancing its electric vehicle technology. The transaction represents a significant portion of Nio's overall market valuation, which currently stands around $8 billion.

Who else raised in Automotive and Manufacturing around the same time

Companies in the same sectors as Geely that raised within 45 days of this round, from Fundz verified event records.

  • Lucid Group raised $400M (Debt Financing) on October 9, 2026.
  • SPARETECH raised $20M (Series B) on November 10, 2026.
  • Harbinger raised $240M (Series D) on November 5, 2026.
  • Clinics On Cloud raised $13M (Series A) on November 3, 2026.
  • Viridian Ingni Propulsion raised $154K (Pre-Seed) on October 29, 2026.
  • CapGrid raised $5.3M on October 29, 2026.

Who to call at Geely, and when

A new round usually means Geely is about to hire and buy. The teams that reach out first get the meeting.

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  • Who you already know at Geely, from your own LinkedIn network

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Company Information

Company

Geely

Location

Hangzhou City, Zhejiang, China

About

Geely is a Chinese multinational automotive manufacturing company. It is known for its ownership of Volvo Cars and Polestar. The company focuses on producing vehicles and is expanding its influence in the electric vehicle sector.

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Geely raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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