Niu Electric successfully went public on NASDAQ with IDG Capital supporting its growth in the electric vehicle sector, reflecting a strong potential for future expansion and profitability.

Information on the Target

Niu Technologies, often referred to as Niu Electric, officially made its debut on the NASDAQ stock exchange on October 19, 2018, with an initial offer price of $9 per share under the ticker symbol NIU. Founded in September 2014 by Li Yi-nan and Hu Yi-lin, Niu Electric is positioned as a leading provider of smart urban mobility solutions aimed at offering convenient and environmentally friendly transportation options globally. The company launched its first electric scooter, the Niu N1, on June 1, 2015, and achieved a crowdfunding record of 72 million yuan through JD.com.

As a strong supporter of Chinese brands, IDG Capital invested in Niu Electric during its Series A funding round in 2015, fully endorsing the company’s vision of revolutionizing the electric vehicle industry through innovative integration of systems and platforms. Over the past four years, IDG Capital has witnessed Niu Electric’s rise as a leader in China’s smart lithium battery mobility revolution, expanding from its first offline store to over 600 stores across 23 countries and regions worldwide. The company has gathered over 500,000 users globally, capturing a significant 39.5% market share in China's two-wheeled lithium battery sector.

Industry Overview in China

The electric vehicle industry in China has been undergoing rapid transformation, fueled by government policies that promote sustainable transportation and a growing consumer base that increasingly values eco-friendly options. As urbanization continues to escalate, the demand f