February 16

Two-Year-Old Zeekr Raises $750 Million at $13 Billion Valuation

By Rita Liao

At a time when venture capital funding is slowing in China, EV is one of the few sectors still keeping investors excited. Case in point, Zeekr, the luxury electric vehicle brand of China’s largest private carmaker Geely, announced Monday that investors have committed to investing $750 million in its Series A funding round. Its post-money valuation has shot up to $13 billion.

Photo courtesy of bfishadow.

Source: TechCrunch (link opens in a new window)

Energy, Transportation
electric vehicles, transportation