Koenigsegg Automotive Announces €50m Investment From Chieftain Capital Management
London, September 27, 2024, (Oilandgaspress) ––– Koenigsegg Automotive is excited to announce that it has received a €50 million investment from Chieftain Capital Management to support the next chapter of growth for the company and strengthen its position as a leader in the megacar industry. Majority owner Christian von Koenigsegg, through his family holding company, is also increasing his stake in the company alongside Chieftain.
Having recently celebrated its 30th anniversary, Koenigsegg is focused on executing its growth strategy through the end of the decade. Recent investments in its team and infrastructure position the company to scale production and deliver the Jesko, CC850, and Gemera models to its loyal customers. In parallel, it is also building out a pipeline of incredible new vehicles that will further establish its global presence while maintaining its reputation for cutting-edge innovation and exclusivity. The company is committed to delivering excellence to all its stakeholders – its customers, dealers, employees, investors, and millions of fans around the world – and is deeply appreciative of their ongoing support.
Christian von Koenigsegg, Founder and CEO commented: “We are excited to partner with Chieftain Capital, a firm that shares our vision and values. Together, we aim to take Koenigsegg to new heights, continuing to nurture our family culture, while drawing on Chieftain’s expertise to drive growth and operational excellence.”
Thomas D. Stern, Co-CEO and Managing Director of Chieftain Capital commented: “We are thrilled to partner with Christian and the team at Koenigsegg. We believe Koenigsegg is a truly remarkable company, with an excellent business model underpinned by its world-class brand, technical innovation, and incredible product pipeline. We are confident that by working together, we can help unlock Koenigsegg’s full potential and accelerate its growth on the global stage.”
Information Source: Read Press Release
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas,
