A fundraising of 80 million euros will greatly help McLaren. The English manufacturer will be able to focus on its electric car projects.
Will McLaren Automotive finally get out of the rut? The English group is doing better and better thanks to its investments in motorsport. But on the road car side, the Woking manufacturer is struggling to raise its head from the Covid.
We know that the Artura project cost a lot of money, to the point that McLaren sold a large part of its old racing models. These had been bought by the Bahrain Mumtalakat Holding Company, one of the biggest investors in the brand.
And while the brand has already planned to produce an electric SUV and sedan, the money finally seems to be coming in. Our British colleagues from Sky News note that shareholders have injected 80 million euros into the company.
This makes it possible to launch a larger project, which should reach 530 million euros. This will make it possible to launch the electric car project, as soon as the expensive development of the Artura comes to an end.
This sum is in addition to the 120 million euros received with the sale of classic vehicles. On the other hand, this first payment was not part of the massive investment of more than 500 million.
An electric SUV at McLaren? Never say never !