NasdaqGM:PSNYAuto
Polestar’s $400 Million Raise Reshapes Liquidity And Growth Risk Profile
Polestar Automotive Holding UK (NasdaqGM:PSNY) secured a $400 million equity investment from major financial institutions.
The funding includes participation from Feathertop Funding, with an exit option structured through Geely.
The transaction is intended to support Polestar’s liquidity and future electric vehicle development.
Polestar focuses on premium electric vehicles, positioning itself in a crowded segment where established automakers and newer pure play EV brands compete for capital...