Twoyearold Zeekr raises $750M at $13B valuation

News Summary

  • 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.
  • At a time when venture capital funding is slowing in China, EV is one of the few sectors that are still keeping investors excited.
  • The young carmaker was also opening an office in Silicon Valley.Founded in March 2021, Zeekr landed its first external funding round in August of that year.
  • In January, my colleague Kirsten wrote that the company had some 3,000 open positions in more than 30 cities around the world, including at its R&D center in Ningbo and Shanghai in China, and Gothenburg, Sweden.
At a time when venture capital funding is slowing in China, EV is one of the few sectors that are still keeping investors excited. Case in point, Zeekr, the luxury electric vehicle brand of Chinas l [+1791 chars]