On February 13, 2023, Zeekri Intelligent Technology Co., Ltd. announced that it had completed its Series A financing round with a total funding of $750 million and a post-investment valuation of $13 billion.
The round was participated by five ecological partners, including the founder and CEO of well-known autonomous driving technology company Mobileye, Professor Amnon Shashua (personal investment), CATL, Yuexiu Industrial Fund, Tengchen Fund, and Quzhou Xinan Zhizao Fund.
These five ecological partners possess abundant industrial resources in their respective fields, particularly with their core competitiveness in smart driving, power batteries, innovative materials, and high-end equipment manufacturing. Among them, CATL is Zeekri’s long-term strategic partner who added its investment in this round and further deepened its cooperation with Zeekri. Yuexiu Industrial Fund, Tengchen Fund, and Quzhou Xinan Zhizao Fund will assist Zeekri in integrating its rich industrial resources and help it further innovate and develop in the upstream and downstream of the industrial chain.
The raised funds will mainly be used for Zeekri’s product and technology research and development, global business expansion, and user experience improvement.
Zeekri Intelligent Technology CEO An Conghui said:
Zeekri is committed to creating a globally influential luxury smart pure electric brand. We are very pleased to have the support of leading investors from various industries. Zeekri’s commercial philosophy is “co-creation and co-investment,” and we adhere to co-creation with users and global high-quality ecological partners to jointly promote innovation exploration in the field of luxury smart pure electric vehicles and create the ultimate experience for users’ travel and life.
As of January 31, 2023, Zeekri brand cumulative deliveries have exceeded 80,000 units, setting a new record for the fastest delivery among new forces.
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.