GLy Capital Management
Profile, fund size and portfolio
GLy Capital Management is the corporate venture arm of Zhejiang Geely Holding Group, an automotive company. It was founded in 2017 and is based in Hong Kong, Hong Kong. It invests at the Series C+ stage. Sectors it names: mobility and automotive, climate and energy, artificial intelligence, industrial technology and robotics.
- Fund sizeS2
- USD 163M
Every figure links to its source
Snapshot
Data behind this graphic
| Item | Value |
|---|---|
| Stage range | Series C+ to Series C+ |
| Sectors | Mobility and automotive, Climate and energy, Artificial intelligence, Industrial technology and robotics |
| Geography | Global |
| Offices | Hong Kong |
Sources: S4 GLy: New Mobility Fund participates in Freewire Series D; S1 GLy Capital home page.
Data behind this graphic
| Measure | Value | Unit | Kind | Source |
|---|---|---|---|---|
| Headline size | USD 163M | Fund size | Stated by the firm or its parent | S2 |
| Companies on the firm's portfolio page | 10 | companies | Counted from the firm's own list | S1 |
Sources: S2 GLy Capital press: Hong Kong's Gly Capital closes debut mobility fund (10 Aug 2022); S1 GLy Capital home page.
Where it invests and who leads it
LeadersS2S1
- Hrvoje KrkaloCo-CEOFind on LinkedInFirm page
- Anny LinCEO and FounderFind on LinkedInFirm page
Key facts
| Fact | Value | Status | Source |
|---|---|---|---|
| Parent company | Zhejiang Geely Holding Group | Single source | S1 |
| Parent industry | Automotive and mobility | Single source | S1 |
| Founded | 2017 | Single source | S2 |
| Headquarters | Hong Kong, Hong Kong | Single source | S1 |
| Status | Active | Single source | S1 |
| Capital source | Parent and outside investors | Single source | S2 |
| Headline size | USD 163M (Fund size) | Single source | S2 |
| Stages | Series C+ (inferred from announced rounds) | Estimate | S4 |
Recent rounds
| Date | Company | Round | Amount | Led by the firm | Source |
|---|---|---|---|---|---|
| 2022-11-01 | Volocopter | Not stated | Not stated | No | S10 |
| 2022-09-23 | Ascend Elements | Series C+ | Not stated | No | S9 |
| 2022-08-04 | Nexeon | Series C+ | USD 200M | No | S8 |
| 2022-06-12 | Carwow | Series C+ | Not stated | No | S6 |
| 2022-06-08 | Vayyar Imaging | Not stated | USD 108M | No | S7 |
| 2022-04-22 | Freewire | Series C+ | USD 125M | No | S4 |
| 2021-05-03 | Polestar | Not stated | USD 130M | No | S5 |
For founders
| Item | What the firm says | Source |
|---|---|---|
| Stages | Series C+. Inferred from announced rounds; the firm does not state a range. | S4 |
Fund vehicles
| Vehicle | Size | Year | Source |
|---|---|---|---|
| GLy New Mobility Fund | USD 163M | 2022 | S11 |
Portfolio
The firm's portfolio page lists 10 companies.S1
Every company on the GLy Capital Management list
10 companies, as listed on the firm's own website: 7 active, 3 listed.S1 Read the firm's list.
Active 7
- Carwow
- ClearMotion
- ECARX
- Freewire
- Lotus Tech
- Vayyar Imaging
- Volocopter
Listed 3
- Ascend Elements
- Nexeon
- Polestar
History
- GLy Capital Management announced the final close of the GLy New Mobility Fund at USD 163 million on 2022-08-10.S11
Official pages
Read the firm's own pages for current information.
- Website glycm.com/
Sources
- S1GLy Capital home pageFirm
- S2GLy Capital press: Hong Kong's Gly Capital closes debut mobility fund (10 Aug 2022)Firm
- S3GLy New Mobility Fund press release: Nexeon Series DFirm
- S4GLy: New Mobility Fund participates in Freewire Series DFirm
- S5GLy: invests USD 130 million in Polestar first external fundraisingFirm
- S6GLy: New Mobility Fund joins Carwow Series DFirm
- S7GLy: New Mobility Fund invests in VayyarFirm
- S8GLy: New Mobility Fund participates in Nexeon Series DFirm
- S9GLy: New Mobility Fund invests in Ascend Elements Series CFirm
- S10GLy: Volocopter funding hits USD 600 millionFirm
- S11GLy Capital Management raises US$163 million for the GLy New Mobility FundFirm
- S12AVCJ: Hong Kong's Gly Capital closes debut mobility fundPress
- S13DealStreetAsia: Geely, SK-backed GLy to raise $300m fund as COVID turbocharges futurePress
- S14Alter Domus Sensus magazine issue 8 (hosted on glycm.com)Firm
Disclaimer and corrections
Not affiliated. This page is not affiliated with, endorsed by or sponsored by GLy Capital Management or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.
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