Zeekr, the Geely-Backed Electric Car Brand, Raises $750M at a Valuation of $13B
Electric car brand Zeekr, backed by Chinese automaker Geely, announced on Monday that it has raised $750 million from investors, including CATL and three state-affiliated funds, and is now valued at $13 billion.
Last December, Zeekr announced that it filed confidentially for an IPO in the US. At the time, it was aiming to raise over $1 billion with a valuation of more than $10 billion. With this latest funding, it remains to be seen how the IPO plan will play out.
