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Polestar Secures $200 Million Investment to Fuel Expansion
The electric vehicle manufacturer will use the funds for working capital and general corporate purposes as it prepares to launch new models.
Electric vehicle maker Polestar has received a $200 million equity investment from PSD Investment, an existing investor controlled by Geely Holding Group Founder and Chairman, Shufu li.
The company said it “intends to use the proceeds from the equity investment for working capital requirements and general corporate purposes,” according to a press release issued Monday, June 16.
Polestar currently produces its electric vehicles in North America and Asia, selling them in 28 markets across North America, Europe, and Asia Pacific. The company also has plans to begin production in
