Koenigsegg Secures €50 Million Investment for Growth and Innovation in the Megacar Industry
Koenigsegg Automotive is thrilled to announce a significant €50 million investment from Chieftain Capital Management. This investment will bolster the company's growth trajectory and cement its leadership in the megacar industry. Christian von Koenigsegg, the majority owner, is increasing his stake through his family holding company with Chieftain.
Celebrating its 30th anniversary, Koenigsegg is actively implementing its growth strategy to expand operations through the decade's end. The company has recently invested in its team and infrastructure, enhancing its capacity to scale production and ensure timely delivery of the Jesko, CC850, and Gemera models to its dedicated customer base. Concurrently, Koenigsegg is developing an impressive lineup of new vehicles to bolster its global presence and uphold its pioneering innovation and exclusivity reputation. Committed to excellence, Koenigsegg values the continued support from its customers, dealers, employees, investors, and millions of fans worldwide.
Christian von Koenigsegg, Founder and CEO, stated, "We are delighted to partner with Chieftain Capital, a firm that resonates with our vision and values. This partnership is poised to elevate Koenigsegg to new heights, fostering our familial culture while leveraging Chieftain’s expertise to catalyse growth and enhance operational efficiency."
Thomas D. Stern, co-CEO and Managing Director of Chieftain Capital, expressed his enthusiasm: "We are excited to collaborate with Christian and the Koenigsegg team. We recognise Koenigsegg as an outstanding company with a solid business model supported by a top-tier brand, technical ingenuity, and an impressive product pipeline. By joining forces, we are confident in our ability to unlock Koenigsegg’s full potential and accelerate its international growth."