ZEEKR Raises USD 750 Million for Sustainable Future Development

ZEEKR Intelligent Technology, the premium electric mobility brand, has entered into an investment agreement with industry-leading partners including Prof. Amnon Shashua, Contemporary Amperex Technology Ltd (CATL), Yuexiu Industrial Fund, Tongshang Fund and Xin’an Intelligent Manufacturing Fund, the proceeds from which will support the continued technology research and global expansion of the ZEEKR brand.

The five investors have agreed to invest in the Series-A funding round that will raise a total of USD 750 million. ZEEKR is now valued at USD 13 billion after completion of this funding round.

The successful signing of the second external funding round represents a significant vote of confidence as ZEEKR develops proprietary technologies built around safety, sustainability, user-experience, and new mobility services. ZEEKR will use the funds to explore and grow a global sales network.

This funding round coincides with an accelerating electrification transition across the Geely Holding Group to support zero-emission growth and new mobility technologies.

About ZEEKR

ZEEKR is the global premium electric mobility technology brand from Geely Holding Group. ZEEKR aims to create a fully integrated user ecosystem with innovation as standard. The brand utilizes Sustainable Experience Architecture (SEA) and includes its own battery technologies, battery management systems, electric motor technologies and electric vehicle supply chain.

THE ZEEKR STORY SO FAR:

ZEEKR has been delivering its first product, the ZEEKR 001 from October 2021 and started delivery of the ZEEKR 009 MPV in January 2023. In 2022, ZEEKR delivered 71,941 cars, with over 10,000 units delivered in each of October, November and December.

ZEEKR has an ambitious roll-out plan over the next 5 years to satisfy the rapidly expanding global EV industry. Later this year ZEEKR will launch two new models including ZEEKR X, a premium urban SUV. ZEEKR also plans to enter the European market over the course of 2023.