China Dynamics, Tak Cheung Yam Join Series A Round In Rimac Automobili

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Croatian high-performance electric vehicle developer Rimac Automobili says it has completed €10 million (US$12.3 million) series A financing from three investors including Hong Kong-listed Chinese electric vehicle and battery maker China Dynamics (Holdings) Limited, according to a company announcement.

The other two investors are the CEO and chairman of oil and gas company Petrotesting Colombia, S.A., Frank Kanayet Yepes, who acquired 6% of the company, and Hong Kong businessman Tak Cheung Yam, who took a 2% stake via his personal investment vehicle, Integrated Asset Management Asia Limited (IAMAL).

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