Bilibili, CATL and Intel were among the investors that have backed the smart EV developer’s pre-series A round, valuing the Geely spinoff at $9bn.
China-based automotive manufacturer Zhejiang Geely Holding Group disclosed on Friday its electric vehicle (EV) subsidiary, Zeekr, has received $500m in pre-series A funding from investors including corporates Bilibili, CATL and Intel.
Boyu Capital and Cathay Fortune Corporation filled out the round’s participants, all five of which will hold 5.6% of Zeekr. The company’s valuation stands at $9bn post-money.
Video streaming platform developer Bilibili, its senior management team and an affiliated financial investor jointly took part through a special purchase…
