Yinan Li, Ex-CTO of Baidu and Former Founder of NIU Technologies Started to Build Electric Vehicles, Brand Name Unveiled as NIUTRON
HONG KONG, Dec 15, 2021 – (ACN Newswire) – Yinan Li, the Ex-CTO of Baidu and Former Founder of NIU Technologies, enters into the electric automotive industry. As a technology industry heavyweight, Li’s NIUTRON is expected to be one of the most valuable electric automotive startups after NIO, Xpeng and Li Auto. After a long influential career in high-tech industry and venture capital, Li founded NIU Technologies in 2014, created one of the most innovative and stylish electric two wheelers. NIU was later listed on Nasdaq in late 2018. After he departed from NIU technologies, Li started the automotive venture in 2018, namely NIUTRON. The Company has since grown to a team of 1,000 R&D personnel, and has received investments from world-leading investors such as IDG and COATUE, in its US$500 million series A fundraising. NIUTRON has achieved several milestones since its founding, including its unique Gemini Platform and a strong product pipeline with many future models. NIUTRON NV, the Company’s first model, is a mid-large sized premium SUV, with “Urban Exploring” as its design concept, encompassing both BEV (Battery Electric Vehicle) and EREV (Extended-Range Electric Vehicle) option...
Founder Institute (FI) announces Pacer Ventures as Investor in Residence for its African Accelerators
PALO ALTO & LAGOS, Dec 14, 2020 - (ACN Newswire) - Founder Institute (FI), the world's largest pre-seed startup accelerator, today announces Pacer Ventures as 'Investor in Residence' for the Founder Institute's African Accelerator program. As part of the program, all startups that graduate the Founder Institute in Africa will be reviewed by Pacer Ventures for potential investment in their seed or pre-seed round of funding.This development follows the announcement of Founder Institute as a strategic partner of Pacer Ventures for African early-stage start-ups that are solving some of the most critical problems on the continent. Pacer VC's purpose is aligned with FI's mission to empower communities of talented and motivated people to build impactful, technology-enabled companies worldwide. "FI is quickly becoming the gold standard for pre-seed acceleration in Africa," says Ryan Micheletti, Head of Global Operations for the Founder Institute. "We are excited to strengthen our leadership position by partnering with Pacer Ventures to foster investment in FI Alumni all across the Continent."FI has an Alumni strength of 100+ companies tackling various challenges across the continent an...
Pacer Ventures partners Founder Institute, launches $3M fund for early-stage African startups
LAGOS, NIGERIA, Nov 25, 2020 - (ACN Newswire) - Pacer Ventures has announced a $3M fund for early-stage African startups that are solving some of the most critical problems on the continent. The focus will be on verticals expedient to the African continent including healthcare, financial inclusion, education and agriculture.The United Nations has projected that Africa will have a population of 1.68 billion people by 2030, while the GSMA Mobile Economy Report states that 84% of Africa's population will have access to a sim connection by 2025. This high mobile penetration will enable the continent to leapfrog technology consumption, as Africa is expected to account for up to 30% of global consumption of technology and technology-driven solutions within the same period."We see a huge opportunity to support early-stage founders making meaningful contributions to their local economies and communities," said the Managing General Partner at Pacer Ventures, Gbemi Akande. "We are providing much-needed funds to founders leveraging mobile penetration to solve problems at the 'bottom of the pyramid' across the continent."Pacer Ventures has already begun to support early-stage founders by parti...