Funding round
Zeekr Series A
Zeekr, which works in luxury electric vehicle manufacturing in Hangzhou, raised $750M in a Series A round announced on 13 Feb 2023, at a $13.00B post-money valuation. 7 firms took part, 1 of them already investors. It is Zeekr's second venture round on record; the one before was a Growth in Aug 2021.
$750M
Amount raised
$13.00B
Post-money valuation
$12.25B pre-money
7
Investors
no lead named
1.4x
Step-up from the Growth
$9.00B in Aug 2021
5.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Zeekr at $13.00B after the new money, 1.4 times the $9.00B of its Growth (Aug 2021). The $750M bought investors about 5.8% of the company. It came 18 months after Zeekr's Growth. It is 60% of the $1.25B Zeekr has raised in the venture rounds on record. No later venture round is on record for Zeekr.
Zeekr's funding rounds
Zeekr has 2 venture rounds on record. This one is highlighted.
- Growth 27 Aug 2021, led by Intel Capital $500M$9.00B post-money
- Series A this round 13 Feb 2023 $750M$13.00B post-money
Investors
Who put money in
7 firms took part; no lead investor was named.
Investors
- Contemporary Amperex Technology Ltd (CATL) existing investor
- Yuexiu Industrial Fund new investor
- Tongshang Fund new investor
- Quzhou Xin'an Intelligent Manufacturing Fund new investor
- Mobileye new investor
- Xin’an Intelligent Manufacturing Fund
- Prof. Amnon Shashua
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Series A rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $50M, and this round was 15 times the median. The closest in time, other companies' Series A rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 1 Jan 2023 | $62M | not disclosed | not named |
| Forum Mobility Automobile Dealers & Manufacturers | 17 Jan 2023 | $15M | not disclosed | CBRE Investment Management |
| Automobile Dealers & Manufacturers | 7 Nov 2022 | $52M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 19 Oct 2022 | $9.0M | $38M | Vertex Ventures SEA and Vertex Ventures |
| Farizon Auto Automobile Dealers & Manufacturers | 20 Jul 2023 | $600M | not disclosed | Boyu Capital and Yuexiu Industrial Fund |
| Automobile Dealers & Manufacturers | 30 Sep 2022 | $50M | $244M | Neuman & Esser and Ballard Power Systems |
| Automobile Dealers & Manufacturers | 14 Sep 2022 | $50M | $250M | Neuman & Esser and Ballard Power Systems |
| Automobile Dealers & Manufacturers | 1 Aug 2022 | undisclosed | $4.40B | Bank of Communications Capital Management |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Zeekr raise in its Series A round?
Zeekr raised $750M in its Series A round, announced in Feb 2023.
Which investors took part in Zeekr's Series A round?
Contemporary Amperex Technology Ltd (CATL), Yuexiu Industrial Fund, Tongshang Fund, Quzhou Xin'an Intelligent Manufacturing Fund, Mobileye and Xin’an Intelligent Manufacturing Fund and 1 more.
What was Zeekr's valuation at the Series A round?
$13.00B post-money ($12.25B pre-money).
How does it compare with other Series A rounds in Automobile Dealers & Manufacturers?
12 Series A rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $50M, and this round was 15 times the median.