China-based luxury EV maker ZEEKR raises $750M Series A

 

China-based luxury EV maker ZEEKR has raised a $750M Series A funding round, reaching a $13B valuation.   The company is backed by investors such as Intel, CATL, Xin’an Intelligent Manufacturing Fund, etc. ZEEKR is an automotive company that manufactures premium electric vehicles. Founded in 2021, the company has raised $1.6B in funding so far. ZEEKR will use the funding to invest in research and development and international expansion. The EV maker sold over 6,000 cars in its year of operation. The company is based in Beijing. In addition to its headquarters, the company also has a presence in Shanghai, Ningbo, and Gothenburg, Sweden. ZEEKR is owned by Geely, a Chinese multinational company that owns brands such as Volvo Cars, Lotus, Polestar, etc.