McLaren Automotive has reportedly secured a £70 million cash injection by selling shares to existing investors.
Sky News today reported the funding round is part of a wider plan to raise £500 million, needed to prepare the company for electrification.
McLaren declined to comment on the report when contacted by Autocar.
It has not been reported which of the existing investors took part in the latest round of funding, which follows a series of similar efforts in recent years.
