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New Deal


Announced

Completed

Nio Capital-backed CATL completed the $120m investment in Inceptio Tech.

Financials

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Transaction Value£92m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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China

Private

Trucking

Software

Majority

Acquisition

autonomous vehicles

Single Bidder

Friendly

Domestic

Completed

Private Equity

Synopsis

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Nio Capital-backed Contemporary Amperex Technology, a Chinese electric vehicle battery maker, completed the $120m investment in Inceptio Tech, an autonomous truck startup. The truck manufacturing industry is expected to be an earlier adopter of autonomous driving technology than passenger vehicle manufacturing as driving on motorways is more predictable than on busy city streets.

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