Don’t Scratch the Itch
‘If you Love something, set it Free.’
In March 2024, Mumtalakat, Bahrain’s sovereign wealth fund, took complete control of the McLaren Group, including McLaren Automotive and its racing division.
In November 2024, CYVN Holdings, an Abu Dhabi-based investment company, entered a non-binding agreement to acquire 100% of McLaren Automotive.
If completed, this investment would mark the second change in ownership for McLaren Automotive within seven months.
CYVN Holdings would also gain a non-controlling stake in McLaren Group, and the company plans to explore collaborations in electric vehicle development.
CYVM would provide capital, engineering expertise, and advanced technology focused on EVs.
Since joining in 2022, CEO Michael Leiters has spearheaded the launch of McLaren’s hybrid Artura sports car, the 750S supercar, and the W1 hypercar.
He acknowledged quality control issues with previous models, halting Artura sales in 2023 to address them.
Under CYVN’s potential ownership, McLaren may expand its lineup further, exploring new models like a front-wheel-drive sports car or an electric SUV.
These strategic ownership shifts highlight McLaren’s efforts to secure investment and expertise to support its EV ambitions and stabilise its position in the supercar market.
‘When buying one, McLaren, you don’t just scratch the itch; you buy the whole shebang.
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