Authorization

Polestar raises $500M from outside investors as EV market grows

Polestar, Volvo Car Group’s standalone electric performance brand, has raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment.
SK Inc., the South Korean global conglomerate, and a range of other investors also participated.
While this is Polestar’s first external round, the company’s comments suggest it won’t be its last. Polestar said Thursday that the growing market for electric vehicles coupled with advancements in technology that have made EVs more economical have attracted investors. Polestar added that it is in ongoing discussions with global investors about possible additional fund raising.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Декабрь 2021    »
ПнВтСрЧтПтСбВс
 12345
6789101112
13141516171819
20212223242526
2728293031