NIO Capital invested in Newrizon’s B+ round

0
1118

Recently, NIO Capital invested more than 100 million yuan in the B+ round of Newrizon (official: https://www.newrizon.com/). The funds will be mainly used for the research and development, mass production and marketing of light trucks and Van and other models, as well as the research and development iteration of core technologies such as EIC systems and intelligent network connection. , and accelerate the integration of the supply chain, and further accelerate the expansion of China and international markets.

Founded in September 2020, Newrizon is committed to using the most cutting-edge intelligent networked new energy commercial vehicle technology and a full life cycle management system to improve the overall profitability of customers and drive the transformation of the logistics industry in the urban distribution scenario. Newrizon ‘s self-owned technologies such as complete vehicles, electric power systems, and intelligent and networked systems are highly coupled, and its intelligence and electrification capabilities are industry-leading.

The first light truck product EC1 mass-produced and released by Newrizon has a maximum loading volume of 18.3 cubic meters and an actual full-load battery life of more than 230 kilometers. The annual sales volume ranks among the top ten in China. Following the EC1, the new fully forward-developed new energy light truck IC1 is also planned to be launched on the market in mid-2023. IC1 has achieved another breakthrough in software and hardware, and has the function of separating vehicle and battery, which can support battery replacement and optional automatic driving function. In the future, Newrizon will focus on logistics scenarios, launch Van and other models, accelerate the promotion of electrification and intelligent transformation of logistics scenarios, and empower B-end users to reduce costs and increase efficiency.