{"id":53209,"date":"2023-11-29T13:38:01","date_gmt":"2023-11-29T13:38:01","guid":{"rendered":"https:\/\/www.carscoops.com\/?p=2876128"},"modified":"2023-11-29T13:38:01","modified_gmt":"2023-11-29T13:38:01","slug":"lotus-tech-secures-870-million-investment-before-it-goes-public-on-the-nasdaq","status":"publish","type":"post","link":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/2023\/11\/29\/lotus-tech-secures-870-million-investment-before-it-goes-public-on-the-nasdaq\/","title":{"rendered":"Lotus Tech Secures $870 Million Investment Before It Goes Public On The Nasdaq"},"content":{"rendered":"<div><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 15px;\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-1536x864.jpg 1536w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-2048x1151.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/div>\n<p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<html><body><\/p>\n<p>Lotus Technology has secured $870 million of private investment in public equity financing and convertible notes prior to the electric carmaker&rsquo;s merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA). The Lotus merger will see it become a Nasdaq-listed company under the ticker symbol &lsquo;LOT.&rsquo;<\/p>\n<p><!--  [Mobile]med_rect_atf --><\/p>\n<div data-pw-mobi=\"med_rect_atf\" id=\"pwMobiMedRectAtf\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectAtf\");\n  })\n<\/script><\/p>\n<p>The company has received approximately $750 million of new financing commitments based on a $5.5 billion valuation. This is in addition to the $120 million of financing commitments it secured earlier in the year. Investors are expected to be issued public shares in the company when it is listed.<\/p>\n<p>LCAA has been formed by affiliates of L Catterton, an investment firm backed by LVMH Louis Vuitton Moet Hennessy, <em><a href=\"https:\/\/www.reuters.com\/markets\/deals\/lotus-tech-secures-870-mln-ahead-deal-completion-with-l-catterton-spac-2023-11-28\/\">Reuters<\/a><\/em> reports.<\/p>\n<div class='in-asd-content'>\n<h6>advertisement scroll to continue<\/h6>\n<div data-pw-desk='med_rect_atf' id='pwDeskMedRectAtf'><\/div>\n<p><script type='text\/javascript'>\n  window.ramp.que.push(function () {\n      window.ramp.addTag('pwDeskMedRectAtf');\n  })\n<\/script>\n<\/div>\n<p><!--  [Mobile]med_rect_btf --><\/p>\n<div data-pw-mobi=\"med_rect_btf\" id=\"pwMobiMedRectBtf1\"><\/div>\n<p><script type=\"text\/javascript\">\n  window.ramp.que.push(function () {\n      window.ramp.addTag(\"pwMobiMedRectBtf1\");\n  })\n<\/script><\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-1.webp 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-1-400x267.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-1-1024x683.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-1-768x512.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/06\/Lotus-Eletre-1-1536x1024.webp 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1.jpg 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1-400x267.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1-1024x683.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1-768x512.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1-1536x1024.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lotus Tech Secures $870 Million Investment Before It Goes Public On The Nasdaq\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/06\/Lotus-Eletre-1-1024x683.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a>  <\/p>\n<p><a href=\"https:\/\/www.carscoops.com\/2023\/11\/lotus-ultra-fast-charger-adds-up-to-89-miles-of-range-in-5-minutes\/\">Lotus<\/a> will use the funds from these investments for the development of its next-generation automotive technologies, for general corporate purposes, and to expand its global distribution network.<\/p>\n<p><strong>Read: <a href=\"https:\/\/www.carscoops.com\/2023\/09\/2025-lotus-emeya-debuts-as-flagship-electric-gt\/\">2025 Lotus Emeya Debuts As 905 HP Flagship Electric GT<\/a><\/strong><\/p>\n<p>&ldquo;As a leader in the electrification of luxury vehicles,&nbsp;Lotus&nbsp;Tech is poised to leverage the segment&rsquo;s rapid growth as we cater to unmet market needs,&rdquo; Lotus Tech chief executive officer Qingfeng Feng said in a press release. &ldquo;The US$870 million of funding commitments we have received this year demonstrates global investors&rsquo; confidence in&nbsp;Lotus&nbsp;Tech&rsquo;s performance and growth potential. We are thankful for our strategic collaborators&rsquo; and investors&rsquo; enthusiasm about accelerating our progress as&nbsp;Lotus&nbsp;Tech moves toward completing the planned business combination with&nbsp;LCAA.&rdquo;<\/p>\n<div id=\"taboola-mid-article\"><\/div>\n<p><script type=\"text\/javascript\">\n  window._taboola = window._taboola || [];\n  _taboola.push({\n    mode: 'thumbnails-a-mid',\n    container: 'taboola-mid-article',\n    placement: 'Mid Article',\n    target_type: 'mix'\n  });\n<\/script><\/p>\n<p>Confirmation of these new financing commitments comes just a few months after Lotus unveiled its second luxurious battery-electric vehicle, the Emeya. The sleek four-door sedan follows in the footsteps of the <a href=\"https:\/\/www.carscoops.com\/tag\/lotus-eletre\/\">Electre SUV<\/a> and has a pair of electric motors that combine to produce up to 905 hp and 726 lb-ft (985 Nm) of torque. Power comes courtesy of a 102 kWh battery pack and while no official range figure has been published, it is expected to surpass the 300-mile (482 km) mark.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10.jpg\" data-type=\"inarticle-image-block\"> <\/p>\n<figure class=\"wp-block-image size-large\">\n                <picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2025-Lotus-Emeya-907-10.webp 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2025-Lotus-Emeya-907-10-400x225.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2025-Lotus-Emeya-907-10-1024x576.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2025-Lotus-Emeya-907-10-768x432.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2023\/09\/2025-Lotus-Emeya-907-10-1536x864.webp 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"><\/source><img decoding=\"async\" class=\"lazy \" src=\"\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10.jpg 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10-1536x864.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" Lotus Tech Secures $870 Million Investment Before It Goes Public On The Nasdaq\" data-src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/09\/2025-Lotus-Emeya-907-10-1024x576.jpg\" data-type=\"inarticle-image\">\n                <\/picture>\n            <\/figure>\n<p>        <\/a><br \/>\n        <\/body><\/html><\/p>\n\n<h2><b>Commercials Cooperation Advertisements:<\/b><\/h2>\r\n<p><br>(1) IT Teacher IT Freelance<br> <\/p>\r\n<a href=https:\/\/itteacheritfreelance.hk\/wordpress><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITTeacherITFreelance-Website.png alt=IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\/><\/a><p><a 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href=https:\/\/itsec.vip><img src=http:\/\/gamefootballmobileanimeiphone.com\/wp-content\/uploads\/2023\/09\/ITSec-Main-Promotion-Image.png alt= https:\/\/itsec.vip\/\r\nSecure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.  \r\nITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.\/><\/a> \r\n<br><br> \r\n<p><a href=https:\/\/itsec.vip>www.ITSec.vip<\/a> <br> <br> \r\n<p><a href=https:\/\/sraa.com.hk>www.Sraa.com.hk<\/a> <br> <br> \r\n<p><a href=https:\/\/itsec.hk>www.ITSec.hk<\/a> <br> <br> \r\n<p><a 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src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2023\/11\/Lotus-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\"><\/div>\n<p>The electric vehicle division of the sports car brand will use the funds to develop its next-gen EV tech and expand its distribution network<\/p>\n","protected":false},"author":346,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[3267,6165],"tags":[61,122,127,129,124,128,125,132,131,133,126,130,123,66,94,88,97,56,64,65,60,3344,3351,3357,3360,3335,3340,3362,112,3353,40,75,95,3350,3352,3356,3343,3359,3339,3345,3334,3341,104,3354,33,120,3358,3349,3337,3348,105,101,98,115,30,29,41,86,3342,3361,70,69,68,72,71,26,118,108,87,3355,46,55,48,52,54,51,50,83,3338,62,58,57,3336,109,35,15799,3346,59,63,85,79,82,96,80,27,81,114,44,42,43,45,38,39,110,117,100,111,116,3300,73,89,90,92,91,93,84,78,37,102,34,36,77,67,74,99,113,3347,119,28,121,32,47,49,53,103,31,76],"class_list":["post-53209","post","type-post","status-publish","format-standard","hentry","category-car-or-automobile","category-news","tag-airpods","tag-anime","tag-anime-characters","tag-anime-cosplay","tag-anime-edits","tag-anime-merchandise","tag-anime-movies","tag-anime-news","tag-anime-recommendations","tag-anime-reviews","tag-anime-series","tag-anime-streaming","tag-animes","tag-app-store","tag-app-store-samsung","tag-appgallery","tag-appgallery-oneplus","tag-apple","tag-apple-music","tag-apple-tv","tag-apple-watch","tag-auto-financing-guide","tag-automobile-industry-news","tag-automobile-laws-and-regulations","tag-automobile-shows-and-expos","tag-automobile-specifications","tag-automobile-technology","tag-autonomous-vehicles","tag-bbc-sport","tag-best-cars-for-long-drives","tag-best-mobile-games","tag-bixby","tag-bixby-xiaomi","tag-car-accessories","tag-car-comparison","tag-car-customization-ideas","tag-car-insurance-advice","tag-car-interior-design-ideas","tag-car-maintenance-tips","tag-car-resale-value","tag-car-reviews","tag-car-safety-features","tag-champions-league","tag-city-cars","tag-cyberpunk","tag-cyberpunk-2077","tag-driving-tips-and-tricks","tag-eco-friendly-cars","tag-electric-vehicles","tag-family-cars","tag-fantasy-football","tag-fifa","tag-football","tag-formula-1","tag-fortnite","tag-free-fire","tag-free-mobile-games","tag-freebuds-pro","tag-fuel-efficiency-tips","tag-future-of-automobiles","tag-galaxy-a52","tag-galaxy-note-20","tag-galaxy-s21","tag-galaxy-watch-4","tag-galaxy-z-fold-3","tag-game","tag-games","tag-golf","tag-harmonyos","tag-highway-cars","tag-how-to-backup-iphone","tag-how-to-factory-reset-iphone","tag-how-to-reset-iphone","tag-how-to-restore-iphone","tag-how-to-unlock-iphone","tag-how-to-unlock-iphone-5","tag-how-to-unlock-iphone-6","tag-huawei","tag-hybrid-cars","tag-ios","tag-ipad","tag-iphone","tag-latest-car-models","tag-live-soccer","tag-lol","tag-lotus-emeya","tag-luxury-cars","tag-macbook","tag-macos","tag-mate-40-pro","tag-mi-11-lite","tag-mi-home-security-camera-basic-1080p","tag-mi-home-security-camera-basic-1080p-huawei","tag-mi-smart-band-6","tag-minecraft","tag-miui","tag-mlb-scores","tag-mobile-game-design","tag-mobile-game-development","tag-mobile-game-marketing","tag-mobile-game-monetization","tag-mobile-games","tag-mobile-gaming","tag-nba-scores","tag-nba-standings","tag-nfl","tag-nfl-scores","tag-nhl-scores","tag-off-road-vehicles","tag-one-ui","tag-oneplus","tag-oneplus-9-pro","tag-oneplus-buds-pro","tag-oneplus-nord-ce-5g","tag-oxygenos","tag-p40-pro-plus","tag-poco-x3-pro","tag-pokemon","tag-premier-league","tag-pubg","tag-pubg-mobile","tag-redmi-note-10-pro","tag-samsung","tag-samsung-pay","tag-soccer","tag-sports","tag-sports-cars","tag-steam","tag-steeam","tag-top-10-anime","tag-valorant","tag-when-do-the-iphone-7-come-out","tag-when-does-the-iphone-7-come-out","tag-when-is-the-iphone-7-coming-out","tag-world-cup","tag-xbox-series-x","tag-xiaomi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/53209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/users\/346"}],"replies":[{"embeddable":true,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/comments?post=53209"}],"version-history":[{"count":1,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/53209\/revisions"}],"predecessor-version":[{"id":53212,"href":"https:\/\/gamefootballmobileanimeiphone.com\/index.php\/wp-json\/wp\/v2\/posts\/53209\/revisio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