{"id":432812,"date":"2021-08-28T11:02:09","date_gmt":"2021-08-28T05:32:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=432812"},"modified":"2021-08-28T12:52:23","modified_gmt":"2021-08-28T07:22:23","slug":"geelys-ev-brand-zeekr-raises-500-million-in-first-external-funding","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/geelys-ev-brand-zeekr-raises-500-million-in-first-external-funding\/","title":{"rendered":"Geely&#8217;s EV brand Zeekr raises $500 million in first external funding"},"content":{"rendered":"<p>Zeekr, the premium electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel , battery maker CATL and online entertainment firm Bilibili. <\/p>\n<p>Zeekr said investors would jointly hold a 5.6% stake in the company, valuing it at around $9 billion. <\/p>\n<p>The company makes the Zeekr 001 model in the eastern city of Ningbo and is expected to start delivering them later this year. It aims to sell 650,000 vehicles a year by 2025. <\/p>\n<p>Investors also included Cathy Fortune Corporation, which invests in mining companies, and private-equity firm Boyu Capital that additionally signed long-term investment partnerships with Zeekr, the carmaker said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zeekr, the premium electric vehicle brand by Geely, said on Friday it raised $500 million in its first external funding from investors including Intel , battery maker CATL and online entertainment firm Bilibili. Zeekr said investors would jointly hold a 5.6% stake in the company, valuing it at around $9 billion. The company makes the Zeekr 001 model in the eastern city of Ningbo and is expected to start delivering them later this year. It aims to sell 650,000 vehicles a year by 2025. Investors also included Cathy Fortune Corporation, which invests in mining companies, and private-equity firm Boyu Capital [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-432812","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=432812"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/432812\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=432812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=432812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=432812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}