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Lotus Technology Secures Up to $300 Million in Funding to Boost Growth and Liquidity
ByAinvest
Tuesday, Aug 19, 2025 1:50 pm ET1min read
Lotus Technology has received a $300 million funding commitment to advance business development and strengthen liquidity. The company plans to sell convertible notes for up to $300 million and expects to sell $10 million in notes to ATW Partners on August 19, 2025.
Lotus Technology Inc., a leading global intelligent and luxury mobility provider, has announced the receipt of a $300 million funding commitment. The company will sell convertible notes for up to $300 million, with an initial issuance of $10 million to ATW Partners on August 19, 2025 [1].The funding will provide Lotus Technology with additional flexibility to advance its transformation and strengthen its operations. The company has also entered into a Master Credit Facility Framework Agreement with Zhejiang Geely Holding Group Company Limited, which will provide a non-revolving credit facility of up to RMB1,600,000,000 [1].
Lotus Technology, with operations across the UK, the EU, and China, is dedicated to delivering luxury lifestyle battery electric vehicles. The company focuses on world-class R&D in next-generation automobility technologies such as electrification and digitalization [1].
The company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA, to evaluate its operating results and for financial and operational decision-making purposes [1]. These measures help identify underlying trends in its business and enhance the overall understanding of the company's past performance and future prospects.
The funding commitment demonstrates the confidence of investors in Lotus Technology's long-term growth potential. The company is expected to use the funds to strengthen its liquidity and advance its business development efforts [1].
References:
[1] https://finance.yahoo.com/news/lotus-technology-received-300-million-123000613.html
[2] https://www.morningstar.com/news/globe-newswire/9514745/lotus-technology-received-up-to-300-million-funding-commitment-to-advance-business-development-and-strengthen-liquidity
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