Blackstar Investco, an investment affiliate of Germany-based car maker Daimler, will buy 644,475 shares in electric vehicle manufacturer Tesla Motors in its secondary public offering.
Tesla listed on the Nasdaq stock exchange last summer and has now said it would raise more than $190m in the placement by offering 5.3 million common shares to the public as well as selling 1.5 million shares to its chief executive, Elon Musk, and the other shares to Daimler.
Investment bank Goldman Sachs is sole book-running manager for the public offering.
Before its flotation, Tesla had raised more than $220m in venture funding from Daimler, Panasonic, Honda and Toyota and independent venture capital firms.