Zeekr Kicks Off $13B IPO Roadshow

• Investors are pouring capital into the battery business, and lithium-ion producers like Northvolt are reaping the benefits with over $9 billion raised since 2017. Zeekr IPO will take Geely Holdings's EV maker valuation to $13 billion. Accure, Channel19, Electric Era, NaaS and Nickelytics have closed deals worth millions. Battery tech, EV makers and startups are popular investments.

The battery business is booming as investors pour capital into lithium-ion battery producers like Northvolt, which recently raised around $1.2 billion in a convertible note from Blackrock and various Canadian pension plans. Northvolt has raised $9 billion in debt and equity since 2017 and secured $55 billion in orders from customers such as BMW, Fluence, Scania, Volvo and Volkswagen. Zeekr, a Chinese EV maker under Geely Holdings, is also kicking off its roadshow with investors ahead of its initial public offering, with an aim of a share sale that will push its valuation over $13 billion. Other deals from the week include Accure's $7.8 million Series A2, Channel19's $2.7 million pre-seed and seed funding round, Electric Era's $11.5 million Series A, NaaS Technology's planned acquisition of Charge Amps and Nickelytics' acquisition by T72 Club. These investments and acquisitions demonstrate the strong interest in battery tech, electric vehicle makers and related startups.

What Do Recent Investors & Acquisitions Reveal About Battery Tech?

• Recent investments and acquisitions in battery tech and related start-up companies reveal strong market interest in clean energy solutions.
• Northvolt's recent $1.2 billion convertible note from Blackrock and various Canadian pension plans, along with its other $9 billion in debt and equity since 2017, demonstrates the strong interest from investors in lithium-ion battery technology.
• Zeekr, a Chinese EV maker under Geely Holdings, is also raising funds ahead of an initial public offering that could value the company at over $13 billion.
• Accure’s $7.8 million Series A2, Channel19’s $2.7 million pre-seed and seed funding round, Electric Era’s $11.5 million Series A, NaaS Technology’s planned acquisition of Charge Amps and Nickelytics’ acquisition by T72 Club all illustrate the market’s hunger for battery tech, electric vehicle makers and related startups.
• These investments indicate that investors and companies in the industry are expecting strong demand for battery and electric vehicle technology in the near future.