Regardless of being probably the most iconic automotive manufacturers on the earth, Aston Martin has had a turbulent 12 months. The agency reported an working lack of £76.5 million ($90.8 million) in 2021 and presently has a complete debt within the area of $1 billion. The British marque additionally changed its CEO and CTO again in Could, regardless of the previous solely being within the job for less than two years.

Nevertheless, issues might be getting higher. Earlier this week Aston Martin introduced a £653 million ($775 million) funding technique that can assist pay again money owed, ramp up manufacturing and develop EVs. Saudi Arabia’s Public Funding Fund, which already has giant stakes in Lucid Motors and McLaren, made a £78 million ($92.5 million) funding. Mercedes-Benz additionally upped its stake in Aston, amongst different shareholders.

Again in March 2021 government chairman Lawrence Stroll said Aston Martin will launch its first EV in 2025, and the corporate reportedly nonetheless plans to fulfill that focus on. A PHEV model of the favored DBX SUV will arrive first although, possible by subsequent yr or early 2024.

Aston Martin is presently taking a look at different producers’ platforms it might probably use for its first EV. Lawrence Stroll lately talked about three frontrunners: Mercedes-Benz, Rimac, and Lucid Motors.

Mercedes presently provides engines to Aston Martin, so persevering with that partnership within the electrical period is smart. Nevertheless, Aston’s new Saudi ties might open the door to a take care of Saudi-backed Lucid Motors. Stroll additionally talked about Rimac as a possible companion. Prior to now Stroll has hinted that Aston’s first EV might be a halo hypercar, during which case a partnership with Rimac may make sense. In spite of everything, the Pininfarina Battista relies on the identical platform because the Rimac Nevera.

What are your ideas on Aston Martin’s electrical plans? What companion do you assume fits them greatest? Tell us within the feedback under.