British luxury carmaker Aston Martin said on Wednesday it had raised about 211 million pounds ($265.4 million) through an equity and debt offering to help finance its electrification strategy and future investments.

Aston Martin had already cut its guidance in September, saying it had been hit by a fall in demand in China, where a slowing economy has affected sales of luxury cars. To bolster its finances, the carmaker has said it will issue new shares and debt totalling £210m.

Aston Martin Lagonda Global Holdings Plc plans to tap investors for more funds as the luxury carmaker issued its second profit warning in two months.The British company, synonymous with the James Bond movies,